Sunday, January 25, 2009

Auditors Arrested

When will American "law and order" start arresting bank auditors like authorities in India? Does America have respect for the rule of law, or is American about private gains and socialized losses?


http://www.bloomberg.com/apps/news?pid=20601087&sid=a5sa8Cqwaa_Q&refer=home

Price Waterhouse Auditors Arrested in Satyam Inquiry
By Harichandan Arakali and Saikat Chatterjee

Jan. 24 (Bloomberg) -- PricewaterhouseCoopers LLP’s Indian affiliate, the auditor of Satyam Computer Services Ltd., said two partners were arrested by police as authorities extended the nation’s largest fraud inquiry.

Srinivas Talluri and S. Gopalakrishnan were remanded to judicial custody on charges of “conspiracy and co- participation,” A. Shivanarayana, a police spokesman in Andhra Pradesh state, said from the province’s capital Hyderabad, where Satyam is based. ...

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