UPDATE 2-Ex-Autonomy CFO condemned in U.S. to 5 years jail over Hewlett-Packard misrepresentation

     

May 13 (Reuters) - The previous

CFO of British programming organization Autonomy was condemned on Monday to five years in jail, after a U.S. jury discovered him liable of extortion over the $11.1 billion closeout of Autonomy in 2011 to Hewlett-Packard.
Sushovan Hussain, 55, was likewise fined $4 million and requested to relinquish $6.1 million by U.S. Area Judge Charles Breyer in San Francisco. The respondent intends to request.
Hussain and previous Autonomy Chief Executive Mike Lynch are likewise litigants in a $5 billion common misrepresentation preliminary in London's High Court, where Hewlett-Packard asserted they made it overpay for Autonomy by deceitfully blowing up its esteem.
That preliminary started in March and is required to most recent a while.
Legal advisors for Hussain were not promptly accessible for input. The workplace of U.S. Lawyer David Anderson in San Francisco had no prompt remark.
U.S. investigators denounced Hussain, who moved to England at age 7 from his local Bangladesh, of utilizing predated contracts and different types of bookkeeping extortion to swell Autonomy's income, with an end goal to pull in potential purchasers.
Hussain, who is hitched and has two little girls, was sentenced in April 2018 on 16 wire extortion, securities misrepresentation and intrigue tallies.
Examiners had looked for a 12-year jail term, while Hussain looked for close to one year and one day. The two sides conceded to the fine.
Hussain is booked to answer to jail on June 15.
Independence was the linchpin of previous Hewlett-Packard Chief Executive Leo Apotheker's system to coordinate his organization's PC and printer organizations with higher-edge programming.
His arrangement exploded backward, and Hewlett-Packard took a $8.8 billion writedown a year in the wake of purchasing Autonomy, while blaming Lynch for bookkeeping extortion.
Lynch, who established Autonomy, was once observed as Britain's response to Microsoft Corp prime supporter Bill Gates.
Hewlett-Packard split in 2015 into HP Inc and Hewlett-Packard Enterprise Co. The last spun off quite a bit of its product business in 2017.
U.S. examiners have likewise criminally charged Lynch and previous Autonomy VP of fund Stephen Chamberlain over the Hewlett-Packard procurement.
Lynch, through his attorneys, has denied criminal bad behavior, and accused the procurement's disappointment for Hewlett-Packard. Chamberlain has argued not liable. (Detailing by Jonathan Stempel in New York Editing by Grant McCool and Phil Berlowitz)