It wants to register a fraud of $ 1.7 billion in Satyam Computer Services, the IT services company, to audit for two years to fail the firms written in India. On January 10, Securities and Exchange Board of India (SEBI) has stopped Price water house Coopers from one of the "Big Four" accounting firms.
Due to this accounting scandal, Satyam shareholders lost $ 1.2 billion in stock as well as falling their share price. Byrraju Ramalinga Raju, with the help of his auditor PwC, has estimated the company's cash balance to be more than $ 1.7 billion or 94 percent. Satyam's accounting fraud case was broken on 7 January 2009 after it was then the then chairman of Satyam.
Source - https://cointelegraph.com/news/what-blockchain-has-to-do-with-indian-ban-on-pwc
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