City & Finance Reporter for the Daily Mail
The former finance chief of British tech superstar Autonomy will be questioned this week in the long-running US fraud trial over claims he attempted to silence critics who mentioned the company was once puffed up.
Autonomy, whose bosses integrated billionaire Mike Lynch, was once offered to US large Hewlett-Packard in 2011 for £7.4bn, nevertheless it had to write off a lot of its price only a yr later.
Pricey: Autonomy was once offered to Hewlett-Packard in 2011 for £7.4bn, nevertheless it had to write off a lot of its price only a yr later
HP has since claimed the corporate’s monetary efficiency was once fraudulently overstated.
Court paperwork submitted by means of prosecutors in San Francisco allege Sushovan Hussain intimidated, confused or paid off individuals who raised considerations about Autonomy’s accounting practices. The 54-year-old denies any wrongdoing.
In court docket he’s anticipated to face Daud Khan, a City era analyst who claims to have had a couple of run-ins with Autonomy after wondering its accounts. Khan has mentioned he was once sooner or later banned from analyst conferences and the company attempted to impede e-newsletter of his analysis.
Lynch has pushed aside allegations towards himself and Hussain as a ‘personal smear’.