Monday, May 13, 2019

Ex-Autonomy CFO jailed for five years over Hewlett-Packard fraud

Sushovan Hussain also fined $4m by US district judge over role of sale in British firm to Hewlett-Packard

The former chief financial officer of Autonomy has been jailed for five years, after a US jury found him guilty of fraud over the $11.1bn (£8.5bn) sale of the British software company to Hewlett-Packard in 2011.

Sushovan Hussain, 55, was also fined $4m and ordered to forfeit $6.1m in a sentence imposed by US district judge Charles Breyer in San Francisco.

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from Mergers and acquisitions | The Guardian http://bit.ly/30hJcZF

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