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Three more Satyam executives arrested

by Accountancy Age

07 Apr 2009

India's federal crime bureau has arrested three senior executives at Satyam, the outsouring provider that was formerly audited by PricewaterhouseCoopers.

According to a statement, Satyam's vice president, as well as a senior manager and an assistant manager in the company's finance department were arrested on Sunday in connection with the accounting fraud investigation.

Satyam's founder and former chairman Ramalinga Raju and two other senior managers were arrested in January after Raju confessed to falsifying the accounts and overstating profits.

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