Former Autonomy chief Mike Lynch has welcomed news from the Serious Fraud Office (SFO) that it is to begin an investigation into the firm as a chance to get to the heart of the matter.
HP reported in a recent filing that it had been informed by the SFO it had started an investigation into the UK firm over alleged accounting irregularities over the past few years that led the US firm to pay over the odds for firm.
"The director of the SFO has decided to open an investigation into those allegations, with a view to using its powers of investigation to allow them to be tested," the SFO confirmed in a statement sent to V3.
The organisation also said that it uses an Autonomy product, called Introspect, as part of its document management systems and it was checking to see if this would impair its ability to investigate the firm.
"The SFO is keen to ensure that there is now no conflict of interest, or perception of such a conflict and it is obliged as a first step to make inquiries to ensure that it can continue as the investigating body," it said.
The former owner of Autonomy, Mike Lynch, has always denied any wrongdoing and complained bitterly about the way the case has been handled by HP, claiming he was never informed of their plans to go public or given a chance to see the figures disputed by HP.
Lynch confirmed he had been contacted by the SFO and was hoping to use the investigation as a chance to set the record straight.
"We confirm we have recently been contacted by the SFO. We had written to them in December to request a meeting because we want to know the substance of HP's vague allegations and want to have a chance to respond to them," he said.
"We continue to have confidence that HP's allegations are without merit. We look forward to seeing the situation resolved as soon as possible."
The Autonomy buy has caused numerous headaches for HP with shareholders currently in revolt over the deal, urging investors not to reappoint two directors or its auditors due to a string of bad acquisitions, including Palm and EDS.
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