Ex-Autonomy CEO Michael Lynch Indicted for Fraud Tied to 2011 HP Deal
- U.S. indictment stems from $10.3 billion acquisition in 2011
- CFO of British software maker was convicted at trial in April
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Michael Lynch, the former chief executive officer of Autonomy Corp., stepped down Friday as an adviser to U.K. Prime Minister Theresa May after he was charged with fraud by the U.S.
The indictment stems from the British software maker’s 2011 sale to Hewlett-Packard Co. Prosecutors had long identified Lynch, 53, as a co-conspirator with his chief financial officer at Autonomy, Sushovan Hussain, who was found guilty in April of orchestrating an accounting fraud to arrive at the $10.3 billion price Hewlett-Packard paid for the company.