Autonomy‘s former finance director has accused Hewlett-Packard of making unsubstantiated allegations of fraud to cover its own blunders in the $11bn (£6.5bn) takeover of the British software firm.
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Sushovan Hussain, who along with Autonomy’s founder, Mike Lynch, has been labelled a “fraudster” by HP – a claim which both men deny – oversaw the sale of his firm for 11 times its $931m revenues in August 2011. A year later, HP wrote down the value of Autonomy by $9.9bn, $5bn of which it attributed to alleged accounting improprieties at the British group.
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