Now Satyam faces PWC legal suit

Now Satyam faces PWC legal suit

Audit firm Price Waterhouse has filed a suit against former chairman of Satyam B Ramalinga Raju and others claiming damages of Rs 100 crore for “deliberately” concealing key information that led to the Rs 14,000-crore accounting fraud.

A day after Tech Mahindra-acquired Satyam filed a suit against its former board of directors, certain employees and Price Waterhouse seeking damages for perpetrating a fraud three years ago, Price Waterhouse officials revealed that they had already filed a similar suit in the Andhra civil  court against the software firm on January 7, 2012, two  days ahead of  similar move by the  Satyams new entity – Mahendra Satyam .

DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT
Comments (+)