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PwC's letter to new Satyam board
January 14, 2009
PricewaterhouseCoopers, auditors of Satyam Computer Services [Get Quote], wrote to the new Satyam board on Wednesday extending full support in investigation.
The Rs 7,800 crore (Rs 78 billion) Satyam scam is the biggest fraud in India's corporate history.
"We hope to work with the company and provide assistance to the new board of directors to address any issues that arise in the course of such investigations to enable both the company and us as your statutory auditors to fulfil obligations under applicable law", the PwC letter said.
Following is the letter that PwC wrote:
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