PwC India Struggles to Overcome Satyam Scandal

An Indian employee of Satyam Computer Services Limited descends from a bus as he arrives for work in Hyderabad. NOAH SEELAM/AFP/Getty Images

In India, business is still recovering from the January revelation that Satyam Computer Services' (now former) Chairman Ramalinga Raju had been cooking the books at India's fourth-largest info tech company since 2000. Some $1 billion in declared revenue at the outsourcing firm turned out to be nonexistent. The auditor signing off on these fraudulent reports? PricewaterhouseCoopers, the biggest accounting firm in the world, with $28 billion in revenues globally and around $180 million in India.

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