Ex-Autonomy CFO Jailed For Five Years Over Hewlett-Packard Fraud

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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.

Prosecutors sought a 12-year prison term, while Hussain’s lawyers sought no more than one year and one day. Both sides agreed on the fine. Lawyers for Hussain were not immediately available for comment. The office of US attorney David Anderson in San Francisco had no immediate comment.

Hussain and former Autonomy chief executive Mike Lynch are also defendants in a $5bn civil fraud trial in London’s high court, where Hewlett-Packard claimed they caused it to overpay for Autonomy by fraudulently inflating its value. That trial began in March and is expected to last several months.

Read the original article here: theguardian.com

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