January 28, 2021

PwC Disappointed That Former Partners Going to Jail for Satyam Fraud

An addendum to the Bloomberg article on the Satyam executives' sentencing we linked to earlier: the former PwC partners involved, S. Gopalakrishnan and Srinivas Talluri, were in the group of ten that were found guilty and sentenced to 7 years in prison as well.

PwC is a little sad about this outcome:

"As we have said many times, there has never been any evidence presented that either of our former partners S. Gopalakrishnan or Srinivas Talluri were involved in or were aware of the management-led fraud at Satyam," said a statement from PricewaterhouseCoopers office in Bengaluru.
Denial is hard to overcome sometimes. 

[Bloomberg, TNIE via @retheauditors, HBL]

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