Jai Behar, April 17, 2009

PwC responsible for Satyam scam: SFIO

NEW DELHI - The Serious Fraud Investigation Office (SFIO) has informed the government that the global auditors Price Waterhouse (PwC) were part of wrongdoings in the multi-crore Satyam scam and were involved in falsification of accounts of the IT firm.

The investigating arm of the corporate affairs ministry has concluded after a three month-long probe that the auditors kept silent despite knowing about the failure of the IT firm’s audit system in 2007.