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 .
Published 10 January 2012, 15:58 IST