SC refuses to quash prosecution against PwC initiated by Satyam shareholder
- Navjot Sidhu: Quit RS because I was told to stay away from Punjab
- Chinkara poaching case: Salman Khan acquitted by Rajasthan High Court
- SC issues notice to Vijay Mallya on bank plea seeking contempt proceedings
- Journalists' visa issue: Chinese media warns India of repercussions
- Parliament LIVE: Speaker Mahajan advises Mann not to attend proceedings till decision arrived at
In a setback to PricewaterhouseCoopers (PwC), the Supreme Court on Monday refused to quash criminal prosecution initiated against it on a complaint by a shareholder of Satyam Computers.
The complainant had claimed that he had been deceived into believing the financials of Satyam was healthy on the basis of fraudulent audit reports allegedly issued by PwC.
"If you say you are innocent then why don't you go to the trial court and prove it? Whether you have done this or not is a matter of trial, and hence let the trial court decide. You avail remedies available under the criminal law or any other resort available to you but we are not inclined to entertain your prayer to quash the proceedings. The High Court (of Bombay) has rightly dealt with your case," said a Bench of Justices CK Prasad and Ranjan Gogoi.
Dismissing the Special Leave Petition by the PwC against the HC's March-order, the Bench also turned down a plea by the lawyer for the company to clarify that this order should not have any adverse impact on their case before the trial court.
"Why should we say anything? Whatever legal consequences has to follow, will follow. You came to us, we heard you and decided your case. We are not going to say anything more," the Bench shot back.
- The recent violence against Dalits in Gujarat is a fallout of the Sangh Parivar’s diktats on food
- Turkey’s coup reveals the fragile relationship between Islam and democracy
- The Sangh Parivar has furthered the colonial understanding of India’s past
- Better state support and supportive social environment can help independent filmmakers
- Next Door Nepal: Chinese checkers
- Kashmir unrest: A to-do list for PM Modi