The estate of late tech tycoon Mike Lynch and his business partner owe technology giant Hewlett Packard Enterprise (HPE) £700m, the UK High Court has ruled. HPE bought Lynch's tech firm Autonomy in 2011, but it says Lynch and Autonomy's former chief financial officer, Sushovan Hussain ,misrepresented the company's finances.

Hewlett Packard is owed more than £700 million ($943 million) by the estate of late British tech tycoon Mike Lynch and his former finance director after they lost a fraud case involving Lynch’s software company,

The technology giant had accused the British mogul, who died last year when his yacht sank, of fraud in the sale of his company in 2011.