SEBI bans Price Waterhouse firms for 2 yrs over Satyam scam
SEBI has banned Price Waterhouse firms from auditing listed companies in India for two years over its alleged role in Satyam scam. In 2009, Satyam founder Ramalinga Raju had admitted to inflating books by over â¹7,000 crore. The regulator also ordered to give up â¹13 crore of wrongful gains with interest from the auditing firm and its two erstwhile partners.