Mike Lynch, the billionaire founder of UK software group Autonomy, has been extradited to the US after losing his appeal in the High Court last month.
Lynch faces a criminal trial in California over multiple allegations including conspiracy to commit wire fraud and securities fraud, charges the tech entrepreneur has strongly contested.
A judge in California ordered Lynch to pay a $100mn bail bond following a hearing shortly after his arrival in San Francisco.
The criminal case centres on claims that Autonomy’s accounts were manipulated, leading Hewlett-Packard to pay an extra $5bn when it acquired Autonomy in an $11bn takeover in 2011.
The UK Home Office confirmed Lynch’s extradition. “On 21 April, the High Court refused Dr Lynch’s permission to appeal his extradition,” it said in a statement. “As a result, the normal 28-day statutory deadline for surrender to the US applies. Dr Lynch was extradited to the US on 11 May.”
A spokesperson for Lynch at Invoke Capital, his investment firm which has backed tech start-ups including cyber security company Darktrace, declined to comment.
The extradition was first reported by Sky News.