Price Waterhouse has said there has been no intentional wrongdoing by its firms in the Satyam case and expressed confidence of getting a stay on the Sebi order. “We have moved SAT against the Sebi order,” the spokesperson confirmed, without going into details. Sebi on 10 January had banned all firms in the PW network from auditing listed companies for two years. Sebi found the audit firm guilty in the nine-year-old Rs7,136 crore Satyam Computer Services Ltd scam. “The Sebi ban is on the entire network.

Source: Mint January 17, 2018 13:04 UTC