Mike Lynch is accused of overinflating the value of his firm Autonomy when he sold it to Hewlett-Packard.
British tech entrepreneur Mike Lynch has been extradited to the US to face criminal charges over the $11bn sale of his firm Autonomy to Hewlett-Packard.
According to US court documents, Mr Lynch has been ordered to pay bail of $100m with authorities claiming he is a "serious risk of flight" following his years of fighting extradition. HP was primarily known as a technology hardware company and buying Autonomy was aimed at diversifying its business. Hussain was jailed for five years and fined millions of dollars in 2019 on 16 counts of fraud, securities fraud and other charges.The company was founded in 1996 by Mr Lynch out of a specialist software research group called Cambridge Neurodynamics.
It gained a listing on the US Nasdaq exchange in May 2000 at the height of the technology boom and was listed in London six months later.
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