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Price Waterhouse Cooperating With Agencies On Satyam

13 January, 2009

Pricewaterhouse, the auditors of Satyam Computer Services, said on Tuesday its office in south India had not been raided and it was assisting agencies investigating the outsourcing firm.

“There is no raid at the Pricewaterhouse Hyderabad office. We are in discussion with different agencies for providing information requested by them,” a statement from the firm said.

 

“We are fully cooperating with the agencies and providing whatever information / documents / materials that have been asked for.”

 

The government dissolved Satyam’s board and installed a three-man board on Sunday as it rushed to contain a fallout from India’s biggest corporate scandal, after Satyam’s founder last week revealed massive accounting fraud and quit.

The new board is in the process of hiring a new auditor, a CEO and CFO for the company. The board has invited proposals from auditors. 


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Price Waterhouse Cooperating With Agencies On Satyam

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