LONDON, July 22 (Hfrance.fr) - A court British billionaire Mike Lynch said on Thursday thattech eu that sold its company Autonomy to Hewlett Packard, may be extradited to the U.S. will face securities fraud charges linked to the $ 11 billion deal.
Lynch 's lawyer has said if the UK Home Secretary now decides to allow the extradition, Lynch will appeal.
The competent judge of the Westminster Magistrates' Court, Michael Snow, said he was satisfied that the extradition was compatible with the rights of the accused, and he would send the case to the Home Secretary (Home Secretary) to decide whether he should be extradited.
HP alleged that Lynch fraudulently inflated Autonomy's value prior to its sale in 2011. Lynch denied the charges.
"Dr. Lynch is disappointed that the court has ruled against him withoutBut wait for the judgment of the High Court in the civil case which considered all of these issues. Dr Lynch denies the charges against him "said lawyer Chris Morvillo of Clifford Chance.
" At the request of the US Department Justice, the court ruled that a UK 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 has the intends to appeal. "
The American company has already sued Sushovan Hussain, 56 years old and former CFO of Autonomy, in London for 5 billion of dollars, claiming that they had fraudulently inflated the value of the business before the sale.
Judgment on this case is awaited.
The separate hearing on the whether Lynch should face criminal charges in the United States was a test of an extradition treaty that critics say is lopsided.
The battle lines have been drawn over whether the English or the United States legal system should prevail.
The United States argued that although Autonomy was an English company, it had persuaded an American company to pay too much for it.
"(Lynch) may be a British citizen, he may have long ties to the UK, but once he has directed his dishonest activities against the US on such a monumental scale, he cannot stand wait - like any other UK CEO couldn'texpect - to be safe from the US justice system, "his lawyer Mark Summers said at the February hearing. Report by Kate Holton and Paul Sandle, edited by William Maclean
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