Tech entrepreneur Mike Lynch's extradition to the United States to face criminal charges over the $11 billion sale of software company Autonomy to Hewlett-Packard (HP) moved closer on Friday when London's High Court rejected his appeal.
Lynch, the company's co-founder, was once hailed as Britain's answer to Bill Gates. He now faces 17 U.S. charges over the 2011 takeover, which was one of Britain's biggest tech deals.
Lynch, who denies any wrongdoing, said he would explore his options including a possible appeal to the European Court of Human Rights. His lawyers had argued at a hearing in March he should be prosecuted in Britain, where the Serious Fraud Office has reserved the right to prosecute him if he is not extradited.
U.S. prosecutors want the 57-year-old to stand trial on charges of fraud and conspiracy. If found guilty, he could face a jail term of up to 20 years.HP sued Lynch in London's High Court following the deal. A judgment in January 2022 said the entrepreneur had masterminded an elaborate fraud to inflate the value of Autonomy.
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