UK's Serious Fraud Office SFO is
investigating the sale of technology firm Autonomy to Hewlett Packard,
according to a filing from HP.
It joins the US Department of Justice
and the UK accounting regulator in questioning the firm.
HP bought the British firm in 2011 for
$10bn (£6.7bn). Last year it claimed the firm had inflated its value, leading
HP to write off $5bn.
Autonomy's former boss, Mike Lynch, has
strenuously denied the allegations.
However, the SFO also said there had
been reports that it used an Autonomy software product, Introspect, which is a
document management tool.
This could mean that the SFO is in the
unusual position of having to decline an investigation because of a conflict of
interest.
No comments:
Post a Comment