Satyam scam: Police arrest two top PwC officials

The Andhra Pradesh police arrested two top officials of auditing firm Price Waterhouse who worked on the Satyam account.

The Andhra Pradesh police arrested two top officials of auditing firm Price Waterhouse who worked on the Satyam account,in connection with the financial fraud disclosed by the IT firm’s founder Ramalinga Raju.

The state CID arrested PwC’s Chief Relationship Partner S Gopalakrishnan and Engagement Leader Srinivas Taluri. The police had earlier questioned Gopalakrishnan.

Raju,his brother Rama Raju and Satyam’s former CFO Vadlamani Srinivas are already in judicial custody awaiting charges to be filed in connection with the Rs 7,800 crore accounting fraud in the IT company.

PwC had said that its auditing of Satyam accounts may not be reliable given Raju’s disclosure of falsifying profits.

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India will be back on negotiating table in 1-2 months seeking a deal, 'saying sorry', says US Commerce Secretary Lutnick

India will be back seeking a deal, ‘saying sorry’, says US Commerce Secretary Lutnick

Business4 hr ago

US Commerce Secretary Howard Lutnick predicts that India will apologise and return to the negotiating table within the next month or two to sign a trade deal with the US. He urges India to choose between supporting the US or aligning with Russia and China. Lutnick also criticised India's retaliatory tariffs and calls Prime Minister Modi's meeting with Chinese and Russian leaders "bravado."

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