British entrepreneur Mike Lynch gears up to fight US extradition attempt
Mike Lynch is also waiting for the outcome of a civil fraud case in the UK
Mike Lynch, the British businessman facing accusations of fraud, will this week fight attempts to extradite him to the US.
Lynch is facing charges of securities fraud, wire fraud and conspiracy in the US related to the 2011 acquisition of his former software firm Autonomy by tech giant Hewlett Packard.
Following the sale, HP wrote down Autonomy’s value by $8.8bn and claimed Lynch, and the firm’s ex-finance chief Sushovan Hussain, had falsely inflated its revenue prior to the acquisition.
Updated Jan 23, 2021 | 10:26 IST
Vijay Mallya applied for alternative route or asylum in the UK despite a British court ruling in favour of India s extradition request. Fugitive businessman Vijay Mallya seeks UK asylum | Photo Credit: PTI
Key Highlights
Vijay Mallya through his counsel told a UK court that he is exploring alternate route to avoid extradition to India
UK Extradition Act, 2003, states that extradition proceedings cannot continue if defendant seeks asylum protection
Mallya also sought release of £2.3 million from funds parked with UK court for living expenses and increased legal fees
London: Fugitive businessman Vijay Mallya admitted in a UK court that he is seeking “alternate route” to avoid extradition to India.
Devani set to be extradited over Sh7.6bn Triton scandal
Tuesday January 19 2021
By AGGREY MUTAMBO
Summary
The United Kingdom has approved the extradition of Yagnesh Devani the businessman behind the Sh7.6 billion Triton petroleum scandal back to Kenya to face charges over the scam.
The British government last week notified Nairobi of readiness to facilitate the return of Mr Devani after what it said was a solution of a “legal matter” that prevented his deportation.
Julian Gibbs, the UK’s Head of Extradition said Kenya will now be free to follow through on the procedure and have their man face trial back in Nairobi.