PwC comes un­der fire

The Star Early Edition - - BUSINESS REPORT -

BRI­TISH au­dit firm Price­wa­ter­house Coop­ers (PwC) came un­der fire from a group of high-pro­file In­dian whis­tle blow­ers yes­ter­day for “se­verely dis­con­cert­ing is­sues”, in­clud­ing al­le­ga­tions of tax eva­sion and use of il­le­gal for­eign funds. These “posed se­ri­ous threats” to In­dian na­tional in­ter­ests and the safety of in­vest­ments by com­mon peo­ple, as well as po­ten­tial losses to the pub­lic ex­che­quer, ac­cord­ing to the let­ter, which was writ­ten by re­tired judge AP Shah on be­half of the Cit­i­zens Whis­tle Blower Fo­rum and sent to var­i­ous gov­ern­ment agen­cies. The charges fo­cus on PwC’s In­dian branch, PwC In­dia. Ad­dressed to Fi­nance Min­is­ter Arun Jait­ley, the let­ter listed cases where PwC had been al­legedly “found guilty of crim­i­nal acts” by the Se­ri­ous Frauds In­ves­ti­ga­tion Of­fice and a Spe­cial Cen­tral Bu­reau of In­ves­ti­ga­tion Court.

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