PwC comes under fire
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.