Mike Lynch, one of Britain’s most celebrated technology entrepreneurs, stood down as a government adviser today after he was charged with fraud by American prosecutors.
The founder of Autonomy, the former FTSE 100 software developer, has quit his role on the prime minister’s council for science and technology. He has also resigned from the advisory board of the Royal Society but remains a fellow.
The resignations came just a day after he was charged with fraud over the $11.7 billion sale of the software business to Hewlett-Packard in 2011.
The indictment by the US Department of Justice in California alleges conspiracy to commit wire fraud and multiple counts of wire fraud.
Prosecutors claim that Mr Lynch, 53, was engaged with others in a scheme to…