Skip to content
Search

Latest Stories

Autonomy former finance chief sentenced for five years in US jail

BRITISH Asian, former finance director of Autonomy has been sentenced for five years in jail.

Sushovan Hussain, 55, will spend his jail term in the US after he found guilty in an accounting fraud case.


The British Bangladeshi was sentenced at a San Francisco court earlier this week.

He was found guilty in April 2018. He also was sentenced to another three years of supervised release.

Hussain was fined $4 million in addition to the $6.1m he gained from the value that the US company paid for Autonomy.

Hussian has to report for the start of his prison sentence by June 15.

He has not been permitted to move out of the US since being detained in 2016.

As a British citizen, Hussain could request a transfer to a UK prison. However, he cannot do so until after his appeal is heard if he is permitted to appeal.

Meanwhile, Hussain's lawyers said that he would appeal against his conviction.

Hussian was convicted in 2018 for making false statements to the investors about Autonomy’s revenues before its $11 billion acquisition by Hewlett Packard (HP) in 2011.

HP was forced to write $8.8bn off the value of the UK firm within 12 months of its acquisition.

The US prosecutors claimed that Hussian boosted British software company’s financial performance by booking revenue from the agreements ahead of time.

The latest sentencing has come amid Hussain and Lynch, 53, battle the biggest civil fraud claim ever to be heard in a UK court as the Hewlett Packard Enterprise sue the duo for $5bn in damages.

The UK nationals have denied any wrongdoings.

More For You

London tourist levy

The capital recorded 89 m overnight stays in 2024

iStock

London to introduce tourist levy that could raise £240 million a year

Kumail Jaffer

Highlights

  • Government expected to give London powers to bring in a tourist levy on overnight stays.
  • GLA study says a £1 fee could raise £91m, a 5 per cent charge could generate £240m annually.
  • Research suggests London would not see a major fall in visitor numbers if levy introduced.
The mayor of London has welcomed reports that he will soon be allowed to introduce a tourist levy on overnight visitors, with new analysis outlining how a charge could work in the capital.
Early estimates suggest a London levy could raise as much as £240 m every year. The capital recorded 89 m overnight stays in 2024.

Chancellor Rachel Reeves is expected to give Sadiq Khan and other English city leaders the power to impose such a levy through the upcoming English Devolution and Community Empowerment Bill. London currently cannot set its own tourist tax, making England the only G7 nation where national government blocks local authorities from doing so.

A spokesperson for the mayor said City Hall supported the idea in principle, adding “The Mayor has been clear that a modest tourist levy, similar to other international cities, would boost our economy, deliver growth and help cement London’s reputation as a global tourism and business destination.”

Keep ReadingShow less