PwC can sue Satyam founder Ramalinga Raju, Telangana high court says

A division bench of Telangana high court has dismissed a plea by Satyam Computers founder-chairman Ramalinga Raju and allowed PwC, statutory auditor of Satyam between 2000 and 2009, to sue Raju and others for Rs 100 crore for tarnishing the auditing firm’s image, TOI reported on Friday.

A civil court in Hyderabad will now hear the suit filed by PwC against Raju and other perpetrators of the Satyam scam. In addition, it will also hear a plea of Tech Mahindra — which took over the scam-hit Satyam in 2009 — seeking Rs 223 crore damages from Raju and others accused, the report said.

Mahindra Satyam, formerly Satyam Computer Services, was at the centre of India's biggest corporate fraud in January 2009 when founder Ramalinga Raju confessed to cooking the company's account books.


Subsequently, Tech Mahindra took over the company in April 2009 in a government auction.