The two PwC partners that were responsible for the Satyam audit have confessed their involvement in the fraud.  S. Gopala Krishnan and Srinivas Talluri, were arrested on January 24, 2009, and remanded to judicial custody until February 6, on charges of fraud and criminal conspiracy.  While in custody and during an intense interrogation, the two India based partners, revealed . (more…)

Things keep getting worse for PwC but the ultimate impact is still to be determined.  On January 24, 2009 two of PwC’s partners, S. Gopalakrishnan and Srinivas Talluri, were arrested and remanded to judicial custody until February 6, on charges of fraud and criminal conspiracy. (more…)

Satyam Computer Services  Ltd., is under suspicion for perpetrating the largest fraud in India’s history.   Satyam Computer’s Chairman and founder, its Chief Financial Officer, and its former CEO, have all been recently arrested and charged with criminal conspiracy and forgery, along with several other offenses.  (more…)