ICAI calls for a public apology from Livemint

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ICAI condemns the report in the Livemint newspaper titled “ICAI wings clipped over Satyam Scam” published on 30th September, 2009

Press Release

We are deeply hurt by the news report in the Livemit dated 30th September, 2009 titled “ICAI wings clipped over Satyam Scam”.

The title of the report so published is itself incorrect, misleading and without any base. Since the communication from the Ministry itself does not mention anything regarding the curtailing or clipping of ICAI’s power on Satyam issue the objective behind the news item leads to various doubts. The report is not only unwarranted but also superfluous, causing an irreparable damage to ICAI and President in office.

Livemint should refrain from making such baseless news items and ICAI calls for a public apology from Livemint in the instant matter.

Replies (2)

Vivek

2368 Points Posted on 02 October 2009

Mint stands by story on Icai

Mint’s editor R. Sukumar said that Icai and its president had been given adequate space in the report to present their views on the subject

Staff Writer

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New Delhi: The Institute of Chartered Accountants of India, or Icai, responded to Mint’s story, “Icai wings clipped over Satyam scam”, which appeared on 30 September, through a press release which said the title of the story was “incorrect, misleading and without any base”. It further termed the report “unwarranted” and “superfluous”. Without providing further details either in the release or through a letter to Mint’s editor or managing editor, Icai called for a “public apology” from Mint.

In response, Mint’s editor R. Sukumar said that the paper stood by the report and its reporting, and that Icai and its president had been given adequate space in the report to present their views on the subject.