Tech tycoon fights £3.5 billion fraud extradition

A British tech entrepreneur is battling extradition to the US over an alleged fraud linked to the £8 billion sale of his former company. Mike Lynch, 55, is charged with 14 counts of conspiracy and fraud linked to the acquisition of software company Autonomy by American hardware company Hewlett-Packard in 2011. HP paid over $11 billion for the company but claim the figure was inflated by ‘accounting improprieties, disclosure failures and outright misrepresentations’ and the firm was actually worth $5…

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