Word: reports
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...According to a 200-page CBI report, Satyam insiders forged board resolutions to secure $260 million in bank loans which were diverted for personal use, and over several years generated fake customer identities and account statements to inflate Satyam's revenues by millions of dollars, boosting the company's share price and making its books look far healthier than they were. Investigators following the paper trail have discovered that embezzled funds were channeled into 1,065 properties valued at $74 million, including some 6,000 acres of land, 40,000 sq. yd. of housing plots...
...Since then, two auditors of Satyam's 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...
...ensure that there is implementation of policy and that there is performance. And that shows we are doing things differently. It's going to help us remove the slow walkers in government and identify and detect where there is corruption, instead of waiting for the auditor general's report. So you see we are reconfiguring government. We are trying to do things differently to achieve the implementation of ANC policy. (See Jacob Zuma's profile in the 2008 TIME...
...Giancotti approached Smith about her departure. Before coming to Harvard, Giancotti had been a manager at the professional service firm PricewaterhouseCoopers. During her tenure at Harvard, she oversaw the restructuring and growth of FAS’s finance offices and spearheaded the publication of a new annual FAS financial report...
...foundation, which provides donations to colleges to promote Islamic education, denies the charges, according to a report from the New York Times...