UK watchdog launches investigation into Autonomy

UPDATED 10:57 AM EST, February 11, 2013

LONDON (AP) — Britain's accounting watchdog says it is investigating the books of British business software maker Autonomy Corporation in the period before it was bought by Hewlett-Packard Co. in 2011.

In a brief statement Monday, the Financial Reporting Council said it had launched an investigation "into the published financial reporting of Autonomy for the period between 1 January 2009 and 30 June 2011."

The council has the power to impose fines and other sanctions.

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