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...accounting firm, PricewaterhouseCoopers (PwC), have been sitting in an Indian jail, accused of abetting the scheme. Narayana, the CBI deputy director general, said there was evidence indicating their involvement but declined to elaborate. Following the release of the CBI report, a PwC spokeswoman declined comment; the accounting firms top India executive in March denied any of its employees were involved in wrongdoing...
...Since dropping the Satyam account after the fraud came to light, PwC has been going all out to repair its reputation. Before his recent retirement, Samuel DiPiazza Jr., PwC International's former CEO, made frequent trips to India to meet clients and government ministers. Indian politicians have said that the government will take action against PwC if it is found liable, which could mean penalties or even ejection from India...
...concluded its investigation, but other federal agencies, including the Securities Exchange Board of India, are expected to step in and assist in identifying illicit assets acquired by Raju and his accomplices. In October, India's Enforcement Directorate attached about 280 properties owned by Raju and his extended family, which it said were obtained with embezzled funds. A senior government official says that more Satyam properties will be attached. More shoes will drop with a fraud of this magnitude, says Partha Iyengar, head of research at the India office of Gartner, the Connecticut-based I.T. research and advisory firm...
Despite Kazmi's efforts, few in India expect anything other than a guilty verdict for Qasab. The widows of two top anti-terror officials who were killed in the attacks met with Congress Party President Sonia Gandhi on Nov. 23 and demanded the death penalty for Qasab, although the verdict is months away. Mumbaikars' interest in the trial has waned, although it spikes with the occasional dramatic moment, as when the testimony of the photographer who captured Qasab on film brought the defendant to tears...
Perhaps they realize that the spotlight of this trial has already shifted away from Mumbai. India is putting intense diplomatic pressure on Pakistan to bring those accused to justice and lobbying its allies to do the same. What India most covets is the arrest and prosecution of Hafiz Saeed, the founder of LeT. Saeed was recently released from detention but has not been charged in connection with the Mumbai attacks...