‘Invoice Gates of Britain’ Mike Lynch CAN be extradited to face prison costs in US over claims he cooked the books at software program agency he bought for £8bn, choose guidelines
- Lynch accused of cooking books earlier than promoting agency to Hewlett-Packard for £8bn
- 56-year-old tried to dam extradition however Decide Michael Snow dominated towards him
- If attraction fails, the ultimate determination could be left to the Dwelling Secretary Priti Patel
The founding father of British software program big Autonomy may be extradited to face prison costs in America, a choose dominated yesterday.
Billionaire Mike Lynch, as soon as dubbed Britain’s Invoice Gates, is accused of cooking the books at his former agency earlier than it was bought to US agency Hewlett-Packard for £8billion in 2011.
The 56-year-old denies the allegations and has sought to dam a request to extradite him to face trial within the US.
However District Decide Michael Snow, who heard the case in Westminster magistrates’ court docket, sided towards him.
The choose’s determination didn’t weigh Lynch’s alleged guilt or innocence however reasonably on whether or not he might legally be despatched throughout the Atlantic below the controversial UK-US extradition settlement.
Mike Lynch (pictured) is accused of cooking the books at his former agency earlier than it was bought to US agency Hewlett-Packard for £8billion in 2011
It means the choice to extradite Lynch now falls to Dwelling Secretary Priti Patel. If she agrees, he would have 14 days to attraction.
Mr Snow rejected requests by the tycoon’s attorneys to attend for the end result of a separate Excessive Court docket trial inspecting the fraud allegations, anticipated in September.
Legal professionals for the US authorities argued Lynch, pictured, ‘aimed dishonest actions on the USA on a monumental scale’ and shouldn’t be ‘immune from the American justice system’.
Lynch’s attorneys stated the allegations associated to a British firm on the London inventory change and ought to be settled within the UK.
Chris Morvillo, for Lynch, stated: ‘If the Dwelling Secretary nonetheless decides to order extradition, Dr Lynch intends to attraction.’