PWC STAND BY ACCUSED ACCOUNTANTS
April 1st, 2009
BY RAGHAVENDRA VERMA
PricewaterhouseCoopers is standing by its partners who have been caught up in India's Satyam Computer Services scandal, despite them being formally charged by India's Central Bureau of Investigation (CBI). In a statement released today, Price Waterhouse India (the company's name in India) said it was "disappointed" that the two partners who worked on the audit of Satyam's financial statements have again been denied bail. It said: "The fraud perpetrated by Mr Raju and his cohorts was designed to, and did, circumvent PW India's ...
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