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UK News Mike Lynch extradition decision will be watched by tech entrepreneurs the world over

10:10  28 september  2021
10:10  28 september  2021 Source:   cityam.com

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A final decision on the extradition of one of Britain’s best-known tech entrepreneurs to face fraud charges in America has been delayed. The Home Office was due to make a decision this week on sending Mike Lynch for trial in the United States, but said today it has requested a seven-day extension. In July, Westminster Magistrate’s Judge Michael Snow ruled Lynch could be sent to the United States to face 17 fraud charges over the $ 11 billion sale of Autonomy, the software developer. Lynch , which made Autonomy one of Britain’s largest software companies, sold it to Hewlett-Packard

The final decision on the extradition of one of Britain’s best-known tech entrepreneurs to face fraud charges in the United States has been delayed. The Home Office was expected to make a decision this week on sending Mike Lynch to trial in the United States, but said today it had asked for a seven-day Charlotte Charles, Harry Dunn’s mother, who was 19 when he died, said she was still confident that criminal proceedings would be brought against Sacoolas. The case was discussed yesterday by Johnson and President Biden. The prime minister said Biden was “personally trying to move things

  Mike Lynch extradition decision will be watched by tech entrepreneurs the world over © Provided by City AM

The coming days will define whether British entrepreneurs are subject to British law, or the whims of American prosecutors. The consequences could be felt for years and have a direct impact on the likelihood of homegrown tech giants being created here in the UK.

Last week the Home Office decided to delay the extradition to the US of the entrepreneur Dr Mike Lynch. It was a far-sighted decision by the Home Secretary Priti Patel.

Her department said that she was giving full consideration to the relevant issues in the case. I don’t doubt that. The Home Secretary will have spotted the significance of the moment. Having started his career in Cambridge academia, Dr Lynch has built and floated two billion-pound plus tech businesses, Darktrace and Autonomy, and is investing in a new generation of companies.

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The final decision on whether British technology tycoon Mike Lynch will be extradited to face fraud charges in the US has been delayed. After a court ruling in July, the Home Office had to make a decision about sending him to trial this week. It declined to comment on its reasons. Home Secretary Preity Patel is under pressure from Tory backers to overturn the court. MP David Davis called the ruling ‘outrageous’ and said that the fate of the entrepreneurs should be decided by UK courts.

Extradition decision on British technology tycoon Mike Lynch 's US fraud warrant is delayed. By Daily Mail City & Finance Reporter. Published: 21:50 BST, 22 September 2021 | Updated: 21:50 BST, 22 September 2021. Mike Lynch is accused of cooking the books at his software firm Autonomy before it was sold to Hewlett Packard for £9bn. A final decision on whether British technology tycoon Mike Lynch will be extradited to face fraud charges in the US has been delayed. Following a court judgement in July, the Home Office was this week due to make a decision on whether to send him for

In other words, he has been doing just what the government wants. The Chancellor of the Exchequer says the City of London should be the most attractive place to list new companies anywhere in the world. The Prime Minister says a tech revolution is creating jobs and driving growth. It is companies like Darktrace that are achieving that.

Unfortunately for Dr Lynch, he fell out with the large US tech firm HP to which he sold his company Autonomy. HP accused Dr Lynch of fraud after the deal turned sour, a charge he denies, and the US Department of Justice followed up with an extradition request.

If the UK acceded to that request and Dr Lynch were forced across the Atlantic his work would come to a sudden halt. His experience would serve instead as a chilling warning to anyone thinking of launching a tech company here: if you upset the US in the course of your business you can expect to be judged by American courts.

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The Government has delayed its decision on extraditing technology entrepreneur Mike Lynch , who is facing fraud charges in the US., the Home Office confirmed to City A . M . this afternoon. A decision on the billionaire was expected this week but a Home Office spokesperson said it has been granted a Lynch – who has denied the accusation – could spend more than 20 years behind bars, if found guilty. A Home Office spokesman said: “Extensions for making a decision on any given case can be made under the Extradition Act 2003. The home secretary is giving full consideration to the relevant issues

The British tech entrepreneur Mike Lynch should be extradited to the US to face criminal fraud charges, a London judge has ruled. Mike Lynch extradition question is a sovereignty issue for UK business. Mike Lynch should face fraud charges in the US over bn Autonomy sale, judge

Read more: Not going anywhere: Home Office delays decision on extradition of Mike Lynch to US

The point here is not to debate Dr Lynch’s innocence. The allegations against him are being examined right now by a British judge. The High Court has considered the details of this dispute for months on end and we await its judgment. Were an extradition to be confirmed before the judge’s conclusion was known the work of a British court considering this case under British law would simply be disregarded.

That would be perverse outcome, but it is possible and could even be imminent. The delay agreed so far is brief. Tomorrow, the Home Secretary will have to decide whether to delay again or submit to the US process.

This has become Priti Patel’s problem, but it is not one of her creation. The US UK treaty that has enabled this bizarre set of circumstances was negotiated by Tony Blair. It is an agreement that leaves Anne Sacoolas, accused of causing the death of Harry Dunn, at home in the US while threatening to force Dr Lynch across the Atlantic. Time after time the treaty has been exposed as imbalanced, unfair and inadequate but still it endures.

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British tech entrepreneur Mike Lynch began earlier today his fight against his extradition , slamming the US for “overreaching” and saying the UK authorities could prosecute the alleged fraud. Alex Bailin QC, for Lynch , said the US Department of Justice (DoJ) is “not the global marshall of the corporate world ”, as he launched the former Autonomy boss’ bid to block extradition to face trial in America. Bailin said if Lynch is able to successfully resist extradition it would not be a “get out of jail free card, as the UK’s Serious Fraud Office (SFO) has reserved the right to prosecute the alleged fraud in Britain.

Were the UK to demand that one of America’s leading tech entrepreneurs should languish in a UK jail because they had fallen out with a British company, it would get pretty short shrift. It would be difficult to imagine US politicians standing mutely by if the Crown Prosecution Service demanded that Bill Gates or Jeff Bezos should be delivered into a British cell.

Mr Blair’s treaty leaves British ministers in a weaker position than their US counterparts, but they are not without influence. We need a review of our entire extradition system, and all extraditions – Dr Lynch’s included – should be suspended until it is complete.

A great responsibility rests on the Home Secretary’s shoulders. If the Home Office enables this extradition it will send a message around the world about the sovereignty of the British courts, and the confidence with which anyone can invest and create companies in this country. The timescales are short and the stakes high.

Read more: Mike Lynch: Cass Business School’s new name is fitting tribute to information forefather Thomas Bayes

The post Mike Lynch extradition decision will be watched by tech entrepreneurs the world over appeared first on CityAM.

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