Business

US pursuit of UK tech tycoon Mike Lynch may last for years

US pursuit of UK tech tycoon Mike Lynch on fraud costs may last for years, legal professionals declare

British tech tycoon Mike Lynch faces being pursued by American authorities for years even when his extradition is blocked, his legal professionals warned yesterday.

The 55-year-old businessman is preventing US authorities who wish to attempt him for fraud costs.

Yesterday, one of his legal professionals, Christopher Morvillo, admitted that even when the extradition try fails, Lynch might be arrested in future if he travels outdoors the UK to an space with an extradition treaty with the US.

Wanted: Tech tycoon Mike Lynch is preventing US authorities who wish to attempt him for fraud costs

Morvillo mentioned: ‘Those charges would remain pending… in the event that he was apprehended.’

His feedback got here in the course of the second day of a listening to at Westminster magistrates’ courtroom.

The entrepreneur is accused of cooking the books at his software company, Autonomy, earlier than it was offered to Hewlett Packard for £7billion in 2011. 

He denies the allegations and is urging a choose to dam the extradition on the grounds that the allegations are finest handled right here.

While showing as a witness, Morvillo additionally predicted that if Lynch was extradited he would in all probability not face trial till mid-2023. 

He can safe bail for a hefty price ticket of £7million.

The listening to continues.

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