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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: 2 Price Waterhouse employees arrested in India AP - 1 hour 48 minutes ago HYDERABAD, India - Police in India have arrested two employees of Price Waterhouse, the auditors of the troubled Indian outsourcing giant Satyam Computer Services Ltd. S. Gopalakrishnan and T. Srinivas of the auditing firm are being investigated for fraud and criminal breach of trust, senior police official A. Siva Narayana said late Saturday. Satyam's founder and former chairman, B. Ramalinga Raju, confessed earlier this month to perpetrating a $1 billion fraud. Price Waterhouse subsequently said its audit reports for the last eight years relied on potentially false data provided by Satyam and should be disregarded. In a statement Saturday, Price Waterhouse said "we do not know the basis for them being detained. Over the last fortnight, the firm has fully cooperated in all inquiries and has provided the documents called for by the Indian authorities." It added that Price Waterhouse shares the Indian government's desire to understand the "full extent" of the fraud and will continue to cooperate with authorities. Price Waterhouse is part of the global PricewaterhouseCoopers International Ltd. network. Satyam's Raju, his brother B. Rama Raju, former chief executive, and Srinivas Vadlamani, former chief financial officer were arrested earlier in the month. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business India's Unilever Dec qtr net profit dips 2.2 pctReuters - 54 minutes ago Reports: Nomura to post record 3Q net lossAP - 57 minutes ago Suez backs out of Philippine power plant dealReuters - 1 hour 1 minute ago HannRe eyes bigger U.S. non-life mkt share -paperReuters - 1 hour 2 minutes ago Independent News eyes $130 mln asset sale -reportsReuters - 1 hour 4 minutes ago Most Popular – Business Viewed Child matador kills six bulls in Mexico 'Dogs don't wear condoms,' says Baywatch star Anderson Ring of fire: Indian Ocean to see solar eclipse World crisis deepens as downturn bites in Asia Hudson 'miracle' pilot gets hero's homecoming View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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