PwC Hyderabad staff asked to stay away from office
A special team from PwC Delhi has been asked to look into the matter under supervision from a team from New York.
By TNN |
HYDERABAD: As the Satyam saga unfolded on television, the first to leave office weren���t just Satyam employees, but employees of the company���s audit firm Pricewaterhouse-Coopers (PwC) as well.
One PwC Hyderabad employee came to Bangalore on Friday and spoke to TOI on condition of anonymity: ���Fearing that the employees might get caught for investigations or by the media, we were requested to not come to office. No timeframe was specified. While those who worked on the Satyam account were asked to stay in Hyderabad, the rest were told that they could leave town.���
A special team from PwC Delhi has been asked to look into the matter under supervision from a team from the global headquarters in New York, which is likely to come down.
���Phones of most PwC Hyderabad employees have been switched off since friends and relatives have been hounding us with calls,��� he said. ���Most of us are interacting with colleagues only through emails.���
When contacted the PwC spokesperson denied any such thing. ���Our office has been functioning normally with regular attendance. And no special team has gone from Delhi. We���re all collectively looking into the matter,��� she said.
Everyone���s favourite conspiracy theorythat Ramalinga Raju has diverted the funds for personal use, instead of inflating profits as he claimed - is being echoed at the PwC Hyderabad office too.
���Accounts may have been manipulated by showing land banks under litigation and exaggerating the BPO division���s losses,��� said an official not part of the team handling Satyam.
One PwC Hyderabad employee came to Bangalore on Friday and spoke to TOI on condition of anonymity: ���Fearing that the employees might get caught for investigations or by the media, we were requested to not come to office. No timeframe was specified. While those who worked on the Satyam account were asked to stay in Hyderabad, the rest were told that they could leave town.���
A special team from PwC Delhi has been asked to look into the matter under supervision from a team from the global headquarters in New York, which is likely to come down.
���Phones of most PwC Hyderabad employees have been switched off since friends and relatives have been hounding us with calls,��� he said. ���Most of us are interacting with colleagues only through emails.���
When contacted the PwC spokesperson denied any such thing. ���Our office has been functioning normally with regular attendance. And no special team has gone from Delhi. We���re all collectively looking into the matter,��� she said.
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Everyone���s favourite conspiracy theorythat Ramalinga Raju has diverted the funds for personal use, instead of inflating profits as he claimed - is being echoed at the PwC Hyderabad office too.
���Accounts may have been manipulated by showing land banks under litigation and exaggerating the BPO division���s losses,��� said an official not part of the team handling Satyam.
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