Mike Lynch, the alleged architect of Britain’s major company fraud, has experienced a essential defeat in his fight versus extradition to The united states as he seeks to keep away from likely decades in jail.

The Autonomy founder, who is preferred on rates of fraud in excess of the sale of the program business, moved a move nearer to trial on US soil after District Decide Michael Snow said it was “in the pursuits of justice” to extradite him. Mr Lynch denies all rates.

Previous ministers attacked the determination, declaring any allegations versus the businessman really should be examined in the British isles and that the judge has dismissed upcoming evidence.

Lawyers for Mr Lynch – at the time hailed as Britain’s response to Monthly bill Gates – said they hope to enchantment the determination if it is authorised by the Dwelling Secretary.

The fifty six-calendar year-aged faces seventeen counts of fraud in the US in excess of the $11.7bn (£8.5bn) sale of Autonomy, the FTSE one hundred business he founded, to HP in 2011.

HP wrote down almost all of Autonomy’s worth a calendar year after the offer, claiming that former executives at the business experienced inflated its revenues and gains.

David Davis, the former shadow house secretary, said it was an “outrage” that Mr Lynch really should be experimented with in a US court docket.

“This is all about the purchase of our premier program business, Autonomy, from the London Inventory Exchange, and a voluntary purchase by Hewlett Packard. That all occurred in Britain,” he said.

“The implication of that for a company position of see, is that each one purchase or deal by an American business, will be adjudicated by the American court docket. Which is actually major put up-Brexit.”

Andrew Mitchell, the former international progress secretary, said: “This is a strange, incomprehensible determination that indicates none of us are harmless from the get to of American prosecutors. The Dwelling Secretary really should reflect really very carefully in fact right before agreeing that this extradition can go forward.”