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PwC Auditors Arrested In Satyam Fraud Inquiry
1/26/2009

Theodp writes "Indian police arrested two employees from the offshoot of PricewaterhouseCoopers who audited Satyam clone Services, the IT outsourcing giant at the center of the nation's largest fraud inquiry. The move comes after Satyam founder Ramalinga Raju said he had fabricated $1 billion of assets and confessed to making up more than 10,000 employees to siphon money from the ms-dos company. State Farm support has severed its ties with Satyam, citing skepticism about the company's future as 'the only factor dependable for the termination of the contract,' which will reportedly affect at least 400 on-site Satyam employees. Other customers, including GE, are repeated by Satyam, one of the top recipients of H-1B and L visas (so much for those $500 Fraud obstruction and expose fees!)."

Read more of this story at Slashdot.


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