PriceWaterhouse suspends Satyam-linked duo

February 2nd, 2009 HYDERABAD - Two suspended PriceWaterhouse employees allegedly involved in the Satyam Computer Services fraud will be in the custody of the Andhra Pradesh police Wednesday and Thursday. S. Gopalakrishnan, who was chief relationship partner at PriceWaterhouse, and Srinivas Talluri, who was engagement leader, will be handed over to the Crime Investigation Department (CID) of police for interrogation for two days from Wednesday, a Hyderabad court ruled Tuesday.

January 11th, 2009 CHENNAI - Perhaps for the first time in the Indian corporate history, an audit firm - and a foreign one at that - is being dumped midway by a company. The government-appointed new board for Satyam Computer Services has declared that the fraud-hit IT bellwether will have a new audit firm to restate the books of accounts.

February 2nd, 2009 HYDERABAD - The Andhra Pradesh police will Wednesday and Thursday grill two suspended PriceWaterhouse employees allegedly involved in the Satyam Computer Services fraud. A city court Tuesday sent S.

January 23rd, 2009 HYDERABAD - Two officials of PricewaterhouseCoopers, the firm that audited fraud-hit Satyam Computer Services' books, were arrested Saturday for their alleged role in the irregularities. The Crime Investigation Department (CID) of the Andhra Pradesh police, probing the Rs.70 billion (Rs.7,000 crore/$1.43 billion) fraud in the IT bellwether, arrested chief relationship partner S.

February 9th, 2009 NEW DELHI - The Satyam Computer Services scam is 'just a case in isolation' and it would not affect the image of India's IT industry, a Singapore diplomat said here Tuesday. 'What happened to Satyam came as a surprise and shock, but we are pleased at the speed of the Indian government that has replaced the board with very credible and highly respected individuals,' Tommy Koh, ambassador-at-large at Singapore's ministry of foreign affairs, said.

February 17th, 2009 HYDERABAD - Market regulator Securities and Exchange Board of India (SEBI) will interrogate Satyam Computer's former chief financial officer Vadlamani Srinivas in Chanchalguda central jail here Friday and two former auditors of Pricewaterhouse a day earlier. The market regulator's counsel sought a change in the dates for grilling the three even as a SEBI team reached the jail to begin interrogation, as permitted by the court earlier in the day.

March 5th, 2009 CHENNAI - Global audit firm PricewaterhouseCoopers (PwC) is cleaning up its Indian stables in the wake of the accounting scandal in Satyam Computer Services. According to a statement by the firm, an advisory board is being set up to provide guidance to the PwC leadership on its strategy and actions.

February 9th, 2009 NEW DELHI - Terming the Satyam Computer Services scam a 'singular case', a senior Singapore diplomat said here Tuesday that India would be able to face up to the crisis and emerge 'stronger' from it. 'What happened to Satyam came as a surprise and shock, but we are pleased at the speed of the Indian government that has replaced the board with very credible and highly respected individuals,' Tommy Koh, ambassador-at-large at Singapore's ministry of foreign affairs, told reporters.

February 8th, 2009 HYDERABAD - The Securities and Exchange Board of India (SEBI) may again interrogate disgraced founder of Satyam Computer Services B. Ramalinga Raju and his brother B.

March 12th, 2009 NEW DELHI - The Delhi High Court Thursday dismissed a plea seeking a stay on selling new shares of the fraud-hit Satyam Computer Services Ltd. A division bench headed by Chief Justice Ajit Prakash Shah and Justice Sanjeev Khanna, dismissing the plea, said it was not a public interest litigation matter and should be dealt with separately.

March 10th, 2009 HYDERABAD - The investigations into Rs.78 billion (Rs.7,800 crore) scam in Satyam Computer Services picked up momentum as the Central Bureau of Investigation (CBI) Tuesday questioned the IT firm's disgraced former chairman B. Ramalinga Raju and four other accused.

February 12th, 2009 HYDERABAD - B. Suryanaryana Raju, the second brother of Satyam Computer Services' disgraced founder B.

January 7th, 2009 HYDERABAD - Mendu Rammohan Rao, dean of the prestigious International School of Business (ISB) here, Thursday resigned from his position in the wake of the financial fraud at Satyam Computers. He was a member of the Satyam board when the irregularities were committed.

January 7th, 2009 NEW DELHI - The Bharatiya Janata Party (BJP) and the Communist Party of India-Marxist (CPI-M) Thursday urged the government to take strong and immediate action against those behind the financial fraud at leading IT firm Satyam Computers. The two parties described the over Rs.70 billion (Rs.7,000 crore) scam as the biggest corporate fraud in the country and said the entire episode raised serious concerns about the very legitimacy of Indian market.

February 12th, 2009 HYDERABAD - The Serious Fraud Investigation Office (SFIO) has been permitted by a court here to interrogate Satyam Computer's disgraced founder B. Ramalinga Raju, his brother B.