Mike Lynch: Autonomy founder extradited to US in criminal case

British tech entrepreneur Mike Lynch has been extradited to the US to look transgression charges implicit the $11bn merchantability of his steadfast Autonomy to Hewlett-Packard.

Dr Lynch - erstwhile dubbed "Britain's Bill Gates" aft the Microsoft co-founder - volition basal proceedings connected charges including fraud, which helium denies.

He is accused of overinflating the worth of his bundle steadfast erstwhile helium sold it to HP successful 2011.

The Home Office confirmed that Dr Lynch was extradited to the US connected Thursday.

The billionaire businessman, who is simply a founding capitalist successful the UK cyber-security steadfast Darktrace, has agelong fought attempts by US prosecutors to basal proceedings successful America.

According to US tribunal documents, Dr Lynch has been ordered to wage bail of $100m with authorities claiming helium is simply a "serious hazard of flight" pursuing his years of warring extradition.

He volition beryllium confined to an code successful San Francisco, guarded by backstage information which helium indispensable wage for himself.

A tribunal filing said: "After lengthy extradition proceedings successful the United Kingdom, Defendant Michael Richard Lynch has yet landed connected our shores to basal trial, accompanied by the United States Marshals Service."

Last month, Dr Lynch mislaid an entreaty successful the High Court arguing that helium should alternatively beryllium tried successful the UK.

The Home Office said: "On 21 April, the High Court refused Dr Lynch's support to entreaty his extradition. As a result, the mean 28-day statutory deadline for surrender to the US applies."

As a result, helium was sent to California connected Thursday wherever the proceedings volition instrumentality place.

At the clip of the merchantability successful 2011, Autonomy was the UK's biggest bundle institution and it was the largest-ever takeover of a British exertion business.

HP was chiefly known arsenic a exertion hardware institution and buying Autonomy was aimed astatine diversifying its business.

However, conscionable a twelvemonth later, HP wrote down the worth of Autonomy by $8.8bn and claimed it had been duped into overpaying for the company.

HP, Dr Lynch and Autonomy's erstwhile main fiscal serviceman Sushovan Hussain person been mired successful litigation ever since.

Mr Hussain was jailed for 5 years and fined millions of dollars successful 2019 connected 16 counts of fraud, securities fraud and different charges.

The BBC has contacted Dr Lynch's concern steadfast Invoke Capital for comment.