Mike Lynch, previous chief executive officer of Autonomy Corp departs the Rolls Constructing on June 27, 2019 in London, England.
Dan Kitwood | Getty Photos
LONDON — British tech entrepreneur Mike Lynch has been extradited to the U.S. to face fraud charges in relation to the sale of his computer software organization Autonomy to Hewlett Packard.
Lynch arrived in the U.S. on Thursday afternoon and is at this time detained in San Francisco until eventually bail conditions are met, his spokesperson verified to CNBC. He experience prices of securities and wire fraud in relation to the sale of his business Autonomy to HP for $11 billion.
The entrepreneur attended an arraignment hearing on Thursday and was ordered to pay a $100 million bail to be released on home arrest, the spokesperson explained.
The news was 1st noted by Sky News.
It will come soon after Lynch shed a Superior Court docket battle to charm extradition previous month.
This is a breaking news story and will be updated soon.