PwC and Satyam logos

It seems that PwC is in trouble again. I found this article on WebCPA™: 

PwC India Auditors Charged in Satyam Case


Quote from  WebCPA™, New Delhi, April 8, 2009, by WebCPA staff


Two auditors from PricewaterhouseCoopers’ Indian member firm have been charged in the Satyam accounting scandal.

Auditors S. Gopalakrishnan and Srinivas Talluri were both charged in the case involving Indian technology outsourcer Satyam Computer Services, which has been accused of perpetrating a massive accounting fraud that has been dubbed “India’s Enron.”

Also charged in the case were Satyam founder and former chairman Ramalinga Raju, former chief financial officer Vadlamani Srinivas, vice president of finance G. Ramakrishna, senior finance manager D. Venkatapati Raju, assistant finance manager Srisailam Chetkuru, former managing director Rama Raju (Ramalinga’s brother), and director B. Suryanarayana Raju.

Satyam’s share price plunged after the chairman admitted in January to falsifying over $1 billion worth of assets on the company’s books (see Indian Outsourcer Admits Massive Accounting Fraud and How Satyam Kept a Major Scandal Under Wraps).

Here is another report on the story:New York Times, April 7, 2009, HEATHER TIMMONS:  India Charges 9 After Inquiry of Outsourcing Company

NEW DELHI — India’s Central Bureau of Investigation concluded its investigation of the outsourcing company Satyam Computer Services on Tuesday, and charged nine people including auditors from PricewaterhouseCoopers with forgery and fraud.