Ex-Autonomy CFO indicted in U.S., accused of deceiving HP

By Nate Raymond

best cracked software site Nov 11 (Reuters) - The former main money officer of British free crack software program corporation Autonomy has been indicted on U.S. prices of participating in a fraudulent plan to deceive traders and Hewlett Packard about his firm's effectiveness prior to its sale in 2011.

Sushovan Hussain, a Uk resident who was Autonomy's CFO at the time of its $11 billion acquisition by HP, was charged in an indictment filed on Thursday in federal court in San Francisco with conspiracy and wire fraud.

The indictment alleged that beginning in October 2009, Hussain and other people sought to deceive Autonomy's buyers and HP about the firm's performance, economical ailment and prospective buyers for progress.

The plan had numerous goals, the indictment said, together with to artificially maximize and manage Autonomy's share price tag to make the firm beautiful to probable customers like HP.

Hussain, who continues to be in the United Kingdom, has not been arrested. John Keker, his lawyer, explained in a assertion on Friday that Hussain was innocent and would be acquitted at trial.

"He defrauded no one particular and, as Autonomy's CFO, acted at all moments with the best cracked software site expectations of honesty, integrity and competence," Keker said.

The indictment marked the hottest fallout from the offer, which was supposed to form the central part of HP's shift into program but rather led the U.S. enterprise a yr later on to generate-off three-quarters of Autonomy's worth.

Past 12 months, HP sued Autonomy's co-founder Mike Lynch and Hussain, searching for $five.1 billion in a lawsuit that accused them of participating in fraudulent pursuits to strengthen the company's benefit.

Both of those men have denied wrongdoing. Lynch countersued HP very last 12 months, indicating at the time that "HP was merely incompetent in its procedure of Autonomy, and the acquisition was doomed from the quite starting."

Hewlett Packard Business did not instantly answer to requests for remark. A spokesman for former Autonomy administration, which includes Lynch and Hussain, reported that the group is certain of Hussain's innocence and HP lied to the marketplaces and shareholders.

The scenario is U.S. v. Hussain, U.S. District Court, Northern District of California, No. 16-cr-00462. (Reporting by Nate Raymond in New York and Peter Henderson in San Francisco editing by Tom Brown and Cynthia Osterman)

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