Ubuntu daddy Mark Shuttleworth loses fight to cancel $20m bank fee
Mark Shuttleworth has lost his long-running fight to reverse a US$20m (£12.8m) bank charge levied after he transferred a fortune out of South Africa.
In 2001, Shuttleworth, the founder of Ubuntu Linux maker Canonical, emigrated from South Africa to the Isle of Man. In 2008, he tried to withdraw R2.5bn (US$204m, £128m) from his account in the South African Reserve Bank. The bank, under orders from the SA finance minister, withheld 10 per cent of the transfer as an exit charge.
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