- Thursday, April 25, 2024
By: Radhakrishna N S
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.
