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.

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

British Petroleum (BP)

Government plans to raise more revenue by closing overseas tax loopholes

Getty Images

BP pays £1.2bn in UK taxes as government moves to close oil sector loopholes

  • BP says it paid £1.2 billion in UK taxes during 2025.
  • Government plans to raise more revenue by closing overseas tax loopholes.
  • Debate intensifies over North Sea investment and Britain's energy future.

BP has revealed it paid £1.2 billion in UK taxes during 2025, placing the oil giant at the centre of a growing debate over how Britain taxes energy companies at a time of rising profits, changing energy policies and mounting pressure on public finances.

The disclosure comes as the government moves to tighten tax rules affecting oil and gas firms, including changes designed to prevent companies from reducing their UK tax liabilities through overseas corporate structures. The plans are expected to raise hundreds of millions of pounds and have renewed attention on the contribution major energy companies make to the UK economy.

Keep ReadingShow less