SEBI REJECTS PRICE WATERHOUSE’S CONSENT APPLICATION
March 1st, 2010
BY RAGHAVENDRA VERMA
PRICEWATERHOUSECOOPERS has taken yet another knock in the US$ 1 billion Satyam Computer Services scandal. India's stock market regulator, the Securities and Exchange Board of India (SEBI) has rejected an application from the firm's India branch to settle potential administrative or civil proceedings arising from the case. This 'consent process' order application by Price Waterhouse (PW), the India name for PWC, can head off legal action brought by the regulator against parties who may 'prima facie' be found to have violated laws, excluding a ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.