Satyam Fraud: Price Waterhouse's Representatives Held

Satyam Fraud: Price Waterhouse's Representatives Held 24 Jan 2009, 1652 hrs IST, PTI Text: HYDERABAD: The Andhra Pradesh police on Saturday arrested two top officials of auditing firm Price Waterhouse who worked on the Satyam account, in connection with the financial fraud disclosed by the IT firm's founder Ramalinga Raju. The state CID arrested PwC's Chief Relationship Partner S Gopalakrishnan and Engagement Leader Srinivas Taluri. The police had earlier questioned Gopalakrishnan. Raju, his brother Rama Raju and Satyam's former CFO Vadlamani Srinivas are already in judicial custody awaiting charges to be filed in connection with the Rs 7,800 crore accounting fraud in the IT company. PwC had said that its auditing of Satyam accounts may not be reliable given Raju's disclosure of falsifying profits.

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