Former Autonomy chief-executive in HP row

A former boss of software group Autonomy ­yesterday accused US computer giant Hewlett-Packard of mismanagement in its £6billion takeover of the UK company as their legal battle intensified.

city, business, money, finance, HP, autonomy, shareholders, fraudAutonomy’s ex-chief financial officer Sushovan Hussain accused HP of a coverup [GETTY]

In a San Francisco court filing Autonomy’s ex-chief financial officer Sushovan Hussain accused HP of seeking to “cover up its mismanagement of the Autonomy integration”.

HP paid £6billion for Autonomy in 2011 but a year later said it was worth £5billion less and alleged accounting irregularities.

In his court submission Hussain accused HP of ­concealing its bungling of the transaction by “turning accounting disputes into alleged fraud”.

The bottom line is that Sushovan Hussain’s interests and those of HP and our shareholders are diametrically opposed

Separately Autonomy founder and former chief executive Mike Lynch said: “Evidence has shown the accusations HP made in November 2012 are wrong.”

Hussain seeks to block a proposed settlement between HP and shareholders. In a court ­filing last week HP said it would sue Lynch and ­Hussain for alleged fraud.

HP said yesterday: “The bottom line is that Sushovan Hussain’s interests and those of HP and our shareholders are diametrically opposed.”

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