KPMG & Deloitte to maintain Satyam books

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Satyam Building
New Delhi, Jan 14: KPMG & Deloitte will take over as new auditors of Satyam Computers replacing PricewaterhouseCoopers (PwC). Serious Fraud Investigation Office (SFIO) is probing PwC regarding alleged involvement in Satyam Fiasco.

PwC, India's Partnership Oversight Board (POB) is meeting in Mumbai on Wednesday, Jan 14. PwC's global CEO Samuel Di Piazza is also 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.

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"


OneIndia News (With inputs from Agencies)

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