Satyam: price waterhouse sues Raju | business | Hindustan Times
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Satyam: price waterhouse sues Raju

Audit firm Price Waterhouse has filed a suit against erstwhile Satyam Computer founder chairman B Ramalinga Raju and other executives for concealing critical information that led to the biggest accounting fraud in the country.

business Updated: Jan 10, 2012 22:33 IST
HT Correspondent

Audit firm Price Waterhouse has filed a suit against erstwhile Satyam Computer founder chairman B Ramalinga Raju and other executives for concealing critical information that led to the biggest accounting fraud in the country.

“We have filed for minimum compensation of Rs 100 crore, arising from the carefully and deliberately concealed fraud specifically designed to mislead the auditors by providing deliberately false information and documents,” an official of the firm said.

Last week, Mahindra Satyam filed a suit against its former board of directors, certain employees and Price Waterhouse, seeking compensation for perpetrating fraud three years ago. PW officials added they have already filed a similar suit in an Andhra Pradesh court against the erstwhile IT firm on January 7, 2012.