Britain’s interior ministry has said it gave the go-ahead for the extradition of tech tycoon Mike Lynch to the United States to face charges including securities fraud related to the $11 billion deal to sell his company Autonomy to Hewlett Packard.

In July, a London court ruled that Lynch could be extradited, and this week a bid in court to delay the ruling failed. He can apply to the High Court for permission to appeal.

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“On 28 January, following consideration by the courts, the extradition of Dr Michael Lynch to the US was ordered,” a Home Office spokesperson said.

Home Secretary Priti Patel has approved the extradition of a British tech tycoon to the US to face criminal fraud charges.

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Lynch is accused of manipulating its accounts to inflate the value of the company before its sale.

In 2012, just over a year after the purchase, Hewlett Packard announced an $8.8bn write-down (reduction in estimated value) of the value of Autonomy.

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Hewlett Packard sued Autonomy’s founder and former chief financial officer, Sushovan Hussain, for around $5bn, claiming they “artificially inflated Autonomy’s reported revenues, revenue growth and gross margins”.