Autonomy founder Mike Lynch extradited to the U.S. to face fraud charges

LONDON — British tech entrepreneur Mike Lynch has been extradited to the U.S. to look fraud charges successful narration to the merchantability of his bundle institution Autonomy to Hewlett Packard.

Lynch arrived successful the U.S. connected Thursday day and is presently detained successful San Francisco until bail conditions are met, his spokesperson confirmed to CNBC. He look charges of securities and ligament fraud successful narration to the merchantability of his institution Autonomy to HP for $11 billion.

The entrepreneur attended an arraignment proceeding connected Thursday and was ordered to wage a $100 cardinal bail to beryllium released connected location arrest, the spokesperson said.

The quality was archetypal reported by Sky News.

It comes aft Lynch mislaid a High Court conflict to entreaty extradition past month.

This is simply a breaking quality communicative and volition beryllium updated shortly.