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SFO kicks out HP-Autonomy probe?

SFO kicks out HP-Autonomy probe?

Thursday, January 10th, 2013

The UK’s Serious Fraud Office has declined to comment on Business Weekly information that it has kicked out HP’s calls for a probe against Mike Lynch and former Autonomy management.

An informed source has told Business Weekly that the SFO has decided not to pursue HP’s allegations that former Autonomy management misrepresented the Cambridge technology company’s finances ahead of its $11.1 billion acquisition by the US giant.

The SFO has been non-commital about the allegations since HP first made them in what Dr Lynch described as a PR ambush in front of the world’s television cameras in November. It told Business Weekly at the outset that it was aware of what HP had told the Press but refused to say whether it had received a formal complaint or whether it was investigating or not.

Read the full article here… http://www.businessweekly.co.uk/hi-tech/14964-sfo-kicks-out-hp-autonomy-probe