NEW DELHI --Auditing company PricewaterhouseCoopers, or PwC, Tuesday said Executive Director Dinesh Kanabar and some tax executive directors have resigned.
"We have appointed Ketan Dalal and Shyamal Mukherjee as the new joint leaders for PwC's tax and regulatory practice," PwC said in an emailed statement.
PwC didn't give a specific reason for the resignations or the dates of the same. It didn't divulge the names of the tax executive directors who had stepped down, nor mention how many.
Price Waterhouse, the Indian affiliate of PwC, has been under the scanner because of its previous links with Satyam Computer Services Ltd., whose founder and then chairman, B. Ramalinga Raju, revealed a massive fraud at the Hyderabad-based company earlier in January.
Price Waterhouse audited Satyam Computer's financial statements from the quarter ended June 30, 2000, through to the quarter ended Sept. 30, 2008. The audit house subsequently said its accounts shouldn't be relied upon.
Two of the auditors--S. Gopalakrishnan and Srinivas Taluri--were arrested in January in connection with the Satyam Computer case.
PwC has said that since then it has been making "a significant investment in training and taking other steps to further enhance audit quality" in India.
Earlier this month, PwC named Gautam Banerjee as the chairman for its India auditing business after Ramesh Rajan stepped down from the post.
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