AUTONOMY CEO Mike Lynch has set up his own website to present his defence against HP's allegations of accounting malpractice during his time at the firm.
HP's decision to accuse Autonomy's management of accounting improprieties left Lynch with a lot of questions to answer. Now Lynch has set up his own website as a forum to present his views as HP, the US Securities and Exchange Commission (SEC) and the UK Serious Fraud Office (SFO) decide how to proceed.
HP CEO Meg Whitman has said the firm will try to recoup shareholders' money from those parties involved in the alleged swindle and said that the firm had already handed over information to the SEC and the SFO.
Lynch had previously sent an open letter that is readable on his website, asking HP to provide more information, to which HP replied by saying it was looking forward to Lynch answering questions under oath.
Lynch has denied all of the allegations made by HP, although HP didn't accuse Lynch personally. Nevertheless Lynch was the founder, CEO and the highest profile board member at Autonomy and the face of the firm. µ