ritish know-how tycoon Mike Lynch has been extradited to the US to face prison fees.
The founding father of software program agency Autonomy, who was as soon as dubbed the UK’s Invoice Gates, will stand trial on fees together with fraud, which he denies.
It comes weeks after he misplaced an attraction final month following an nearly four-year court docket battle towards extradition.
A Residence Workplace spokesman mentioned: “On April 21, the Excessive Court docket refused Dr Lynch’s permission to attraction his extradition. In consequence, the conventional 28-day statutory deadline for give up to the US applies.
“Dr Lynch was extradited to the US on Might 11.”
For those who had been a younger software program author or bio-chemist with a brand new drug or new remedy… the final place now you’re going to launch your organization is on the London Inventory Change
Final 12 months, Hewlett-Packard gained a six-year civil fraud swimsuit towards Lynch after the Excessive Court docket dominated that he defrauded the agency by manipulating Autonomy’s accounts to inflate its valuation forward of a takeover.
Then dwelling secretary Priti Patel later authorised the extradition of Lynch, who was additionally the founding investor of cybersecurity big Darktrace.
Autonomy’s former chief monetary officer Sushovan Hussain was jailed for 5 years and fined hundreds of thousands of {dollars} in 2019 for fraud and different fees.
Conservative MP David Davis mentioned Lynch was extradited due to a “dreadful” extradition treaty.
He mentioned the treaty was drawn up after the 2001 jihadist assaults on the World Commerce Centre in New York with the intention of concentrating on terrorists, murderers and paedophiles.
However the former Brexit secretary instructed BBC Radio 4’s World At One programme that two-thirds of individuals extradited from the UK to the US had been focused for “non-violent, largely white collar crimes”.
He mentioned Lynch’s extradition was “devastating” and predicted it might have a “hideously chilling impact” on future London Inventory Change gross sales.
“For those who had been a younger software program author or bio-chemist with a brand new drug or new remedy, and also you constructed an organization out of it, the final place now you’re going to launch your organization is on the London Inventory Change,” Mr Davis mentioned.
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