Autonomy founder Mike Lynch extradited to the US to face fraud charges

Mike Lynch, former chief government officer of Autonomy Corp departs the Rolls Constructing on June 27, 2019 in London, England.

Dan Kitwood | Getty Photographs

LONDON — British tech entrepreneur Mike Lynch has been extradited to the U.S. to face fraud expenses in relation to the sale of his software program firm Autonomy to Hewlett Packard.

Lynch arrived within the U.S. on Thursday afternoon and is at the moment detained in San Francisco till bail circumstances are met, his spokesperson confirmed to CNBC. He face expenses of securities and wire fraud in relation to the sale of his firm Autonomy to HP for $11 billion.

The entrepreneur attended an arraignment listening to on Thursday and was ordered to pay a $100 million bail to be launched on home arrest, the spokesperson stated.

The information was first reported by Sky Information.

It comes after Lynch misplaced a Excessive Court docket battle to enchantment extradition final month.

It is a breaking information story and will likely be up to date shortly.

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