SC refuses to quash prosecution against PwC initiated by Satyam shareholder
- Rs 870 crore money trail: Why the Bhujbals are under scanner
- SC allows 'Make in India' event at Mumbai beach, PM to inaugurate
- Pawar defends Bhujbals, says Fadnavis govt indulging in vendetta politics
- Anupam Kher a great artiste, welcome to visit Pakistan: Abdul Basit
- Indian helicopters helped war against militants in Afghanistan: US General
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 economy is best served by lowering interest rates and blocking protectionism
- As it completes 10 years, there is enough evidence to show that India needs the MGNREGA
- For Randhir Singh, teaching was next to revolution-making.
- Intizar Husain seemed as much a stranger in a strange land in Pakistan as he did in India
- Ten years on, MGNREGA requires constant review. And consistency in political support
- The global economy is in trouble but India is attracting positive comment