AP police conducts raid at PricewaterhouseCoopers' office Andhra Pradesh Police today conducted searches at the office of PricewaterhouseCoopers (PwC), the firm that audited the accounts of defamed Satyam Computer, here. The personnel of CB-CID, investigating the financial fraud of Satyam Computer, carried out searches at the PwC office at Jubilee Hills, a top CID officer told PTI. "An eight-member team has begun search operations and recovered some documents," he said.
PwC, however, said in a statement that "there is no raid at the Price Waterhouse Hyderabad office.
We are fully cooperating with the agencies and providing whatever information/documents/materials that have been asked for.
" Asked if any director of the disbanded Satyam Board had been picked up for questioning, he replied in the negative. The officer, however, added that some of the directors are under the scanner of the investigating agency.
On January 11, a joint search operation was conducted by the officials of state CID police, SEBI, Serious Fraud Investigation Office and Registrar of Companies at the offices and residences of Satyam's former Chairman B Ramalinga Raju, his brother and former MD B Rama Raju and former CFO Vadlamani Srinivas. PTI.
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