American prosecutors request the extradition of British technology entrepreneur Mike Lynch to face fraud charges

American  prosecutors have requested the extradition of British technology entrepreneur Mike Lynch to face fraud charges.

The 54-year-old Cambridge graduate, once dubbed Britain’s answer to Bill Gates, is accused of inflating the value of Autonomy before it was sold to Hewlett Packard for £8.5billion.

US authorities have charged him with 17 counts of wire and securities fraud conspiracy and he could be sent to prison if found guilty. 

American prosecutors have requested the extradition of British technology entrepreneur Mike Lynch to face fraud charges

American prosecutors have requested the extradition of British technology entrepreneur Mike Lynch to face fraud charges

The criminal proceedings are running in parallel to a High Court case in the UK, which has seen HP Enterprise launch a £3.7billion damages claim against Lynch.

Officials at the US Department of Justice are understood to have filed the extradition request in September.

He was first charged by American authorities in November 2018 but has yet to appear at court in person. He denies the allegations and his lawyers said he will ‘vigorously defend the charges’.

Lynch, estimated to be worth almost £480million, founded Autonomy in 1996, and made a fortune when he sold it to Hewlett Packard in 2011.

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