Satyam Scandal JSA tries hard to get PwC to cross-examine the Rajus

Bar & Bench December 17 2010

India’s regulator, Securities and Exchange Board of India (SEBI) has refused PricewaterhouseCoopers (PwC) to cross-examine Ramalinga Raju, Rama Raju and Vadlamani Srinivas, involved in the Satyam scandal.

India’s regulator, Securities and Exchange Board of India (SEBI) has refused PricewaterhouseCoopers (PwC) to cross-examine Ramalinga Raju, Rama Raju and Vadlamani Srinivas, involved in the Satyam scandal.

 

SEBI had sent out show cause notices to the auditors involved, but somehow they always found reasons to defer or delay the proceedings. The last hearing was set for 27 November but the noticees (PW offices of Bangalore, Kolkata, New Delhi . . .

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