British entrepreneur Mike Lynch arrives at Westminster Magistrates Court docket in London, Britain, February 12, 2021. REUTERS/Toby Melville
LONDON, July 22 (Reuters) – A British court docket stated on Thursday that Mike Lynch, the British tech billionaire who sold his firm Autonomy to Hewlett Packard, might presumably well be extradited to the US to face charges together with securities fraud linked to the $11 billion deal.
Lynch’s felony educated stated if Britain’s Dwelling Secretary now decides to enable the extradition, Lynch will charm.
Westminster Magistrates Court docket Acceptable Grunt Michael Snow ruled he used to be delighted that extradition is successfully matched with the defendant’s rights, and he would ship the case to the Dwelling Secretary (Inner Minister) for a resolution on whether he is to be extradited.
HP has alleged that Lynch fraudulently inflated the fee of Autonomy sooner than its sale in 2011. Lynch denied the charges.
“Dr Lynch is disappointed that the court docket has ruled against him with out looking ahead to the Excessive Court docket’s judgment in the civil case that examined all these points. Dr Lynch denies the charges against him,” felony educated Chris Morvillo of Clifford Probability stated.
“On the set a query to of the U.S. Division of Justice, the court docket has ruled that a British citizen who ran a British firm listed on the London Stock Change must restful be extradited to The US over allegations about his habits in the UK.
“We are asserting this case belongs in the UK. If the Dwelling Secretary alternatively decides to uncover extradition, Dr Lynch intends to charm.”
The U.S. firm has already sued the 56-year-worn and Autonomy’s worn finance chief, Sushovan Hussain, in London for $5 billion, arguing that they fraudulently inflated the firm’s fee sooner than the sale.
Judgment on that case is awaited.
The separate hearing on whether Lynch must restful face prison charges in the US used to be a test of an extradition treaty that critics deliver is lopsided.
Fight traces were drawn over whether the English or the U.S. correct arrangement must restful dispose of precedence.
The US argued that even supposing Autonomy used to be an English firm, it had persuaded an American firm to overpay for it.
“(Lynch) is seemingly to be a UK citizen, he might presumably well even have long UK hyperlinks, however as soon as he aimed his dishonest actions at the USA on this form of monumental scale, he can’t ask – factual as some other English CEO couldn’t ask – to be immune from the American justice arrangement,” its felony educated Ticket Summers stated in the February hearing.
Reporting by Kate Holton and Paul Sandle, Editing by William Maclean
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