British tech entrepreneur Mike Lynch has been extradited to the US to face criminal charges over the $11bn sale of his firm Autonomy to Hewlett-Packard.

 

EDnews informs via the Guardian that Mr Lynch - once dubbed "Britain's Bill Gates" after the Microsoft co-founder - will stand trial on charges including fraud, which he denies.

 

He is accused of overinflating the value of his software firm when he sold it to HP in 2011.

 

The Home Office confirmed that Mr Lynch was extradited to the US on Thursday.

 

The 57-year-old businessman, who is a founding investor in the UK cyber-security firm Darktrace, has long fought attempts by US prosecutors to stand trial in America.

 

According to US court documents, Mr Lynch has been ordered to pay bail of $100m with authorities claiming he is a "serious risk of flight" following his years of fighting extradition.

 

He will be confined to an address in San Francisco, guarded by private security which he must pay for himself.

 

Mr Lynch's net worth is estimated to be between £988m and £1.1bn.

 

A court filing said: "After lengthy extradition proceedings in the United Kingdom, Defendant Michael Richard Lynch has finally landed on our shores to stand trial, accompanied by the United States Marshals Service."

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