Accounting regulator ICAI barred the ex-CFO of the erstwhile Satyam Computer Services, Srinivas Talluri, and former Pricewaterhouse auditor Vadlamani Srinivas from practice for life, while slapping a Rs 5 lakh penalty on them over the Rs 14,000 crore fraud at the IT firm.
PricewaterhouseCoopers auditors, Subramani Gopalakrishnan and Srinivas Talluri, accused in the Rs 14,000 crore Satyam accounting fraud, today received a jolt as the Delhi High Court today rejected their pleas against the disciplinary proceedings initiated by the ICAI.
Institute of Chartered Accountants of India (ICAI) on Satyam Computers' (now Mahindra Satyam) multi-crore accounting scam said on Monday that the Delhi high court has allowed proceedings against two former auditors of PricewaterhouseCoopers, Subramani Gopalakrishnan and Srinivas Talluri.