Home Secretary Priti Patel has approved the extradition of a British entrepreneur to the US to answer criminal fraud charges.
But Mike Lynch’s lawyers say they will file an appeal at the High Court as they fight the order which was earlier signed by Ms Patel following a midnight deadline.
It comes on the day that the technology tycoon lost a multi-billion pound fraud action brought over the sale of his software company Autonomy to Hewlett-Packard (HP) in 2011.
In what was believed to be the UK’s biggest civil fraud trial, a High Court judge found HP had “substantially” succeeded in its lawsuit but indicated the US firm would get considerably less than the $5bn (£3.7bn) it had sought in damages.
HP said it was hoodwinked in the deal
Dr Lynch, who founded Autonomy, is accused of deliberately overstating the value of his business before it was acquired by HP more than a decade ago.
The American technology giant marked down the company’s value by nearly $9bn after buying it for $11.1bn (£8.3bn) and there have been years of bitter wrangling .
HP claimed it had been hoodwinked over Autonomy’s true financial performance and prospects when going over its accounts in advance of the takeover.
In its lawsuit, the company accused Dr Lynch and Autonomy’s former chief financial officer, Sushovan Hussain, of artificially inflating the company’s revenues and committing a “deliberate fraud over a sustained period of time”.
Lynch denies any wrongdoing
Autonomy founder Dr Lynch, who made an estimated $800m from the deal, has always denied any wrongdoing and argued he was being made a “scapegoat” for mismanagement by HP.
But Mr Justice Hildyard, the judge in the civil trial, which was heard over nine months in 2019, found Autonomy had concealed the sales of hardware products and engaged in convoluted reselling schemes to mask a shortfall in its key software products.
On Wednesday this week, Ms Patel was given until midnight on Friday to decide on his extradition after a High Court judge ruled against Dr Lynch’s legal challenge over a previously set deadline.
Ms Patel had wanted to consider Mr Justice Hildyard’s ruling on the High Court civil claim before making an extradition decision.
The home secretary has now approved the extradition request to the US where the Briton faces criminal charges, including wire fraud and securities fraud, relating to the deal.
But his lawyers will challenge this order.
‘This is not the end of the battle’
“Dr Lynch firmly denies the charges brought against him in the US and will continue to fight to establish his innocence,” Chris Morvillo of Clifford Chance said.
“This is not the end of the battle – far from it. Dr Lynch will now file an appeal to the High Court in London.”
US authorities claim that Dr Lynch deliberately overstated the value of his business, which specialised in software to sort through large data sets.
Dr Lynch, from Suffolk, has opposed extradition on the grounds that the alleged criminal offences should come under the jurisdiction of the UK and not the US.
His Autonomy colleague, Sushovan Hussain, was convicted in the US in 2019 and jailed for five years. He has subsequently lost an appeal against that conviction.
- Chagos Islanders in UK pin hopes on private member's bill
- Brexit report: UK to propose Irish backstop alternative
- The Hill's Morning Report - Presented by Better Medicare Alliance - Diplomat's 'powerful' testimony and 'lynching' attract headlines
- Tuesday briefing: New order as Lindsay Hoyle is elected Speaker
- Iran taunts Britain by hosting its flag over seized UK tanker: State TV broadcasts new footage of Tehran's forces on the decks of the UK-registered Stena Impero
- Spotted! Vijay Mallya at India vs Australia match
- NSA files – Alan Rusbridger and David Davis debate surveillance – live
- NSA files – MPs debate oversight of the intelligence services – live
- NSA files – Germans call in British ambassador – live
- Labour is ready to govern, Jeremy Corbyn tells party conference
- The Hill's Morning Report - Presented by Better Medicare Alliance - GOP snags mic with impeachment protest
- The Hill's Morning Report - Bipartisan uproar over Trump's Syria move
- Here are the lawmakers who aren't seeking reelection in 2020
- Republicans say they're satisfied with 2020 election security after classified briefings
- Diplomats describe all-time low in morale at State under Trump
- The Corbyn earthquake – how Labour was shaken to its foundations
- UN climate change report on how to cut emissions
- Six-page letter Queen sent on the death of a beloved corgi: Veteran newspaper diarist KENNETH ROSE's diaries reveal heartache at pet's passing and what Her Majesty REALLY thought of Margaret Thatcher
- One out, all out! The school where cuts are pushing teachers to the brink
- The Hill's Morning Report - Trump eyes narrowly focused response to Iran attacks
Mike Lynch: Home secretary approves extradition of UK tech tycoon to US but his lawyers vow to fight order have 818 words, post on news.sky.com at January 29, 2022. This is cached page on Europe Breaking News. If you want remove this page, please contact us.