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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Autonomy founder Mike Lynch loses appeal against extradition to US

Mike Lynch Autonomy United States HP HewlettPackard
Mike Lynch
Lynch, who made £500m from the sale to HP, has always denied the allegations and any wrongdoing. Photograph: Henry Nicholls/Reuters

Mike Lynch, the tech entrepreneur once hailed as Britain’s answer to Bill Gates, has lost an appeal against extradition to the US to answer criminal fraud charges.

Lynch, the founding investor of the British cybersecurity firm Darktrace, is facing allegations that he duped the US firm Hewlett-Packard into overpaying when it struck an $11bn deal (£8.2bn) for his software firm Autonomy in 2011.

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