PWC AUDITOR GRANTED BAIL
February 1st, 2010
BY RAGHAVENDRA VERMA
TALLURI Srinivas, one of the PricewaterhouseCoopers auditors arrested more than a year ago in connection with the US$1 billion Satyam Computer Services scandal has at last been granted bail by India's Supreme Court. His lawyer had contended that he audited Satyam accounts only after 2007, while the inflated profits at the heart of the scandal date back many years. The court decided in his favour on Thursday (Feb 4), despite opposition from lawyers for India's Central Bureau of Investigation (CBI). They referred to a report by the Institute ...
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