New Delhi: Under fire after the Satyam fraud, auditing firm PricewaterhouseCoopers has been replaced as the company's auditors.
PwC had been accused of complicity in the scam. Sources in Dow Jones tell Network 18 that KPMG and Deloitte have been finalised as the new auditors.
Sources say PwC India's Partnership Oversight Board is meeting in Mumbai and the company’s global CEO Samuel Di Piazza is likely to attend the meeting.
POB is likely to take a call on leadership change at the company. A section of PwC's partners have been demanding that the present top brass be changed.
However, sources say the company's legal advisors have advised against any penal action against its employee S Gopalkrishnan, who approved the Satyam audit, until an enquiry is held.
A day after reports emerged that he may be arrested, Satyam's former director T R Prasad has also issued a statement. Prasad says, “Some T V channels have been broadcasting that I was likely to be arrested. So far no investigation agency contacted me. I have relevant material to establish that while serving as an independent director on Satyam Board, I have faithfully.
discharged responsibilities. I am in Delhi presently, and if any investigative agency would like to interrogate me or arrest me, kindly email me so that I can extend full cooperation to them”.
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