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British tech billionaire can be extradited to the US to face fraud charges

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Photo by De an Sum on Unsplash

A judge at Westminster Magistrates’ Court has ruled that British businessman Mike Lynch, the former CEO of Autonomy plc,  should be extradited to the US to face criminal fraud charges. Autonomy plc was acquired by Hewlett Packard, and Mr Lynch faces charges including securities fraud relating to the $11 billion acquisition.

The judge refused Mr Lynch’s attempt to block his extradition to face 17 counts including wire fraud and securities fraud.  The final decision will be made by the Home Secretary, Priti Patel, with the possibility of appeals thereafter.

Alex Bailin QC represented Mike Lynch in this case.

Mark Summers QC acted for the United States in this case.

Useful link(s)

Reuters

The Guardian

The Financial Times