Sebi must probe PW, says ICAI

Aug 16, 2010 |

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New Delhi, Aug. 15 Expressing satisfaction over the Bombay High Court order, Institute of Chartered Accountants in India (ICAI) on Sunday said Sebi is the right authority to probe allegations of irregularities against audit firm Price- Waterhouse in the multi-crore Satyam scam.

The Bombay High Court on Friday ruled that the Sebi can proceed with its inquiry against audit firm Pricewaterhouse for its alleged role in Satyam scam. Price Waterhouse had moved the High Court challenging Sebi’s jurisdiction over the audit firm as it has nothing to do with the securities market.

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