CID sleuths search Pricewaterhouse

Posted By: Staff
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Hyderabad, Jan 15: Andhra Pradesh Crime Investigation Department (CID) officials conducted searches in the office of PricewaterhouseCoopers (PwC), on Tuesday, Jan 14 at its Hyderabad office, 36 Jubliee Hills.

PwC are the auditors of Satyam Computer Services in India. The CID officials seized documents and CDs containing information on transactions with Satyam. The searches were conducted by a team of two Deputy Superintendents of Police and three inspectors, led by N Balaji Rao of the Economic Offences Wing. Search began in afternoon which continued till evening.

It can be recalled here that the role of PriceWaterhouse, has come under the scanner following a confession by Satyam"s former Chief Financial Officer, Srinivas Vadlamani. Vadlamani had said that accounts were fudged for many years and auditors never showed any differences in the accounts.

A PwC staff was asked to help CID sleuths to locate the files and documents of Satyam.
However, PwC dismissed the report that they have been raided. "There is no raid at the Price Waterhouse Hyderabad office. We are in discussion with different agencies for providing information requested by them. We are fully cooperating with the agencies and providing whatever information/documents/materials that have been asked for."

CID Inspector General V S K Kaumudi met the officials of the Registrar of Companies and took several information regarding the case.

OneIndia News (With inputs from Agencies)


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