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The founder of British software company Autonomy may be extradited to the United States to face charges of conspiracy and fraud, said a London court.
Mike Lynch sold Autonomy to US computer giant Hewlett Packard (HP) for $ 11 billion in 2011.
He denies claims that he allegedly fraudulently inflated Autonomy 's value before the sale.
His lawyer, Chris Morvillo de Clifford Chance, s aid Dr Lynch was disappointed with the decision and would appeal.
Dr Lynch has faced civil suits over the charges in the High Court in London, where HP is suing him in damages for the agreement. But separately, the US Department of Justice (DoJ) is pursuing criminal charges against him.
Judge Michael Snow has said he will render his ruling in the action without waiting for the civil verdict, saying that 'she had "limited importance in the case ". Dr Lynch was released on bail by the London judge.
Dr Lynch told Hfrance.fr Radio's Today program4 that the decision was not unexpected, due to the terms of the extradition treaty that the UK concluded with the US.
"We have this imbalance and this Default extradition treaty that can be used [in] any ongoing litigation with US companies and their interests. "
" The folly of this extradition treaty [c ' is that] it is not based on any facts "he suggested.
Dr Lynch added that he felt the extradition treaty was " unbalanced " "and that the British public did not realize that the American judicial system operated quite differently from the United Kingdom.
He said it was " particularly egregious "that the DoJ was not waiting to see the full UK High Court judgment, which will be due in nine weeks.
He claimed his former CFO Sushovan Hussain, who was jailed for five years in 2019, did not receive a fair trial. The Dr Lynch said no defense witnesses appeared at Mr. Hussain's trial because they were told they would be arrested if they entered the United States.
His lawyer, Mr Morvillo, said: "At the request of the US Department of Justice, the court ruled that a Briton a citizen who ran a UK company listed on the London Stock Exchange should be extradited to the US for allegations regarding his conduct in the UK.
"We say this matter belongs to the UK. If the Home Secretary nevertheless decides to order extradition, Dr Lynch intends to appeal. "
'Artificial inflated '
The UK's Serious Fraud Office (SFO) investigated the case in 2013, before dropping the case two years later due to "insufficient evidence ".
Autonomy was founded by Dr Lynch in 1996. He has developed software capable of extracting informationUseful connections from "unstructured " data sources such as phone calls, emails, or videos, and then doing things such as suggesting answers to a call center operator or monitoring phone channels. television for words or topics.
Prior to being acquired by HP, the company was headquartered in San Francisco and Cambridge in the UK.
In 2010, approximately 68% of Autonomy's reported income came from the United States and elsewhere in the Americas.
HP and U.S. prosecutors allege that Dr. Lynch and d Other former Autonomy executives artificially inflated the software company's revenue and profits between 2009 and 2011, causing HP to pay too much for the company.
But Dr Lynch argued that HP used the allegations to cover up its own mismanagement of Autonomy after the 2011 deal.
"I don't think we did anything bad atAutonomy, but let me remind you that HP, of its own free will, decided to pay 70% more for Autonomy than its price on the London stock market, "he said today.
"It was an astronomical amount of money, but it was their choice - our bear.
Dr Lynch also criticizes the SFO for not having it erased: "The OFS received a lot of criticism for not identifying the culprits, but in my case, they also did not exonerate the innocent. They investigated, did not found nothing wrong, one still basically sat there.
"It is important to stand up for innocent businesses in our country when they are subjected to legal abuse by countries concerned with their own interests. "