Satyam computers -price water house

[rvlv]

Gentlemen,

PRICE WATER HOUSE WHICH WAS AUDITOR for Global trust bank, IS also the AUDITOR for SATYAM COMPUTERS.

iT IS REPORTEDLY THE AUDITOR FOR 50 odd companies.

Some of the auditors were paid 3 crore as fees,probably for the best manipulational skills.

Government is quiet on the auditor scam.
SEBI yet to speak up.
INSTITUTE OF CHARTERED ACCOUNTANTS is possibly a great thing which does not even bar such chartered accounts from practicing, which is indirect indication they more or less support such fradulent auditors and fraudulent activities.

The Andhra pradesh Cm and Finance minister were noticed to quiet and not willing to talk on satyam computers even after days.
That shows good support-vow-great politicians.

RELIGARE AND COROMANDEL FERTILISERS etc are being audited by price water house.

STAY AWAKE.

 

[karvy]

Apparently PwC seems to be hand in glove with the promoters of Satyam computers, who could not have managed fudging of accounts in such a large scale with out active help from PwC. There is total loss of trust and confidence insuch accouting firms. I have a nagging suspicion that it was the corrupt politicians who got Ramalinga Raju into this mess and now they are quiet. I don't think the real facts behind this saga will ever see the light of the day.