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Mike Lynch dominates British court, which may be handed over to U.S.

Mike Lynch, the founder of the billionaire software company Autonomy, could be handed over to the United States. A court in London ruled Thursday in a case in which a British court was considered a major test of the willingness to prevent the dismissal of executives. We.

Lynch, one of Britain’s most renowned tech entrepreneurs, has been charged with 17 plots and frauds in connection with Hewlett-Packard’s acquisition of Autonomy for $ 11 billion in 2011.

Lynch has been accused of manipulating Autonomy’s account, and HP has paid the company an additional $ 5 billion. He denies cheating.

His surrender case was heard earlier this year, but the hearing was postponed to await the outcome of the High Court’s ruling. Civil fraud A proceeding filed by Hewlett Packard Enterprise against Lynch over the sale of Autonomy.

However, after hearing that the High Court’s ruling was not expected to be passed on for several months, Judge Michael Snow dismissed his case to Lynch Thursday and believed that surrender was an abuse of the process. Said not. He gave Lynch 14 days to appeal the decision.

Lynch’s allegations of surrender to the United States are based on a defense known as the “Forum Bar,” which allows courts to prevent surrender if most of the alleged criminal activity takes place in the United Kingdom. can do.

His barrister Alex Bailin QC earlier this year in Westminster’s Magistrates’ Court alleged that the Serious Fraud Office in the United Kingdom reserved the right to prosecute Lynch in the United Kingdom if his delivery was blocked. did. SFO stopped the investigation in 2015, alleging that it had transferred part of the investigation to the United States.

The US government argued that Lynch should be prosecuted in the United States because “the United States was the site of the intended victims of fraud,” and that HP’s shareholders are primarily US-based.

The case has broader implications for UK executives and sets an important precedent for those accused of criminal misconduct. “The United States is not a global marshal in the business world,” Bailin said in a hand-over hearing earlier this year, so executives should be “responsible here.”

The UK-US extradition treaty signed with the United States in 2003 has long been criticized by the MP for being weighted in favor of the United States and used to target white-colored suspects as well as terrorists. I have come.

District judge Michael Snow, who heard the case at the Magistrates’ Court in Westminster, did not have to convict Lynch or be acquitted, only to determine whether the case met the legal criteria for delivery. ..

Despite the decision, delivery can involve a long appeal process. The losing party can appeal to the High Court, Court of Appeals, and Supreme Court.

Mike Lynch dominates British court, which may be handed over to U.S.

Source link Mike Lynch dominates British court, which may be handed over to U.S.

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