Autonomy direction honcho illegal from business – despite Mike Lynch’s humbug acquittal – Information Global Web

Unlike Mr Lynch, Mr Hussain was institute blameable in 2018 over allegations that he had defrauded HP by inflating Autonomy’s continuance with illegal business practices.

He unsuccessfully appealed and started a five-year situation declare in 2020, before existence free primeval and returned to the UK this year.

Mr Lynch and Mr Hussain hit both been institute susceptible for humbug in a UK subject trial, and grappling stipendiary HP restitution of up to $4bn (£3.1bn). The High Court is due to conception in the reaching months.

The FRC said Mr Hussain admitted to move as a termination of his US conviction. He has paying costs of £450,000. The housing was definite in January.

The FRC said: “The honcho direction considers that the move of Mr Hussain is so harmful to the wider open and mart certainty in the standards of carry of members and in the business profession, and the calibre of joint news in the United Kingdom, that banishment from his affirmation is the pertinent outcome in visit to protect the open or otherwise measure the open interest.”