Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Satyam and PwC are fined in US for accounting fraud    </title>
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Satyam Computer Services and its former auditor PricewaterCoopers (PwC) have agreed to pay a combined $17.5m (&pound;10.7m) in fines in the US after one of India's biggest corporate scandals.

Satyam, an outsourcing company, will pay $10m for falsely reporting more than..."/>
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Satyam Computer Services and its former auditor PricewaterCoopers (PwC) have agreed to pay a combined $17.5m (&pound;10.7m) in fines in the US after one of India's biggest corporate scandals.

Satyam, an outsourcing company, will pay $10m for falsely reporting more than..." />
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                            <br /><div align="justify"><em>Satyam Computer Services and its former auditor PricewaterCoopers (PwC) have agreed to pay a combined $17.5m (&pound;10.7m) in fines in the US after one of India's biggest corporate scandals.<br /></em><br />Satyam, an outsourcing company, will pay $10m for falsely reporting more than $1bn in profits over five years.<br /><br />The company's chairman Ramalinga Raju admitted to the fraud in 2009.<br /><br />Satyam's shares were indirectly traded on the New York Stock Exchange (NYSE) as well as in India.<br /><br />The US Securities and Exchange Commission (SEC) said it had fined the Indian affiliate of PwC $7.5m, describing it as the largest American penalty against a foreign firm.<br /><br />The SEC said the auditor, PW India, failed to independently verify cash balances in Satyam bank accounts.<br /><br /><em>Fake invoices<br /></em><br />Satyam created false invoices to inflate cash balances that appeared to double the value of the company's assets from 2005 to 2009, the SEC said.<br /><br />This misled holders of Satyam's American Depository Shares, which were trading on the NYSE, making it seem more profitable, it added. Satyam's common shares are traded primarily on Indian exchanges.<br /><br />The company did not admit or deny the allegations when settling the charges.<br /><br />Former executives of Satyam and two partners from PW India are facing criminal charges in an ongoing trial in India.<br /><br />Satyam is now under new management and continues to do business.</div>                                                           
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    <br><a href="http://www.bbc.co.uk/news/business-12981738" class="re" target="_blank">BBC, 6 April, 2011, http://www.bbc.co.uk/news/business-12981738</a><div class="clear"></div>
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Satyam Computer Services and its former auditor PricewaterCoopers (PwC) have agreed to pay a combined $17.5m (&pound;10.7m) in fines in the US after one of India's biggest corporate scandals.

Satyam, an outsourcing company, will pay $10m for falsely reporting more than..."/>
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Satyam Computer Services and its former auditor PricewaterCoopers (PwC) have agreed to pay a combined $17.5m (&pound;10.7m) in fines in the US after one of India's biggest corporate scandals.

Satyam, an outsourcing company, will pay $10m for falsely reporting more than..." />
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                            <br /><div align="justify"><em>Satyam Computer Services and its former auditor PricewaterCoopers (PwC) have agreed to pay a combined $17.5m (&pound;10.7m) in fines in the US after one of India's biggest corporate scandals.<br /></em><br />Satyam, an outsourcing company, will pay $10m for falsely reporting more than $1bn in profits over five years.<br /><br />The company's chairman Ramalinga Raju admitted to the fraud in 2009.<br /><br />Satyam's shares were indirectly traded on the New York Stock Exchange (NYSE) as well as in India.<br /><br />The US Securities and Exchange Commission (SEC) said it had fined the Indian affiliate of PwC $7.5m, describing it as the largest American penalty against a foreign firm.<br /><br />The SEC said the auditor, PW India, failed to independently verify cash balances in Satyam bank accounts.<br /><br /><em>Fake invoices<br /></em><br />Satyam created false invoices to inflate cash balances that appeared to double the value of the company's assets from 2005 to 2009, the SEC said.<br /><br />This misled holders of Satyam's American Depository Shares, which were trading on the NYSE, making it seem more profitable, it added. Satyam's common shares are traded primarily on Indian exchanges.<br /><br />The company did not admit or deny the allegations when settling the charges.<br /><br />Former executives of Satyam and two partners from PW India are facing criminal charges in an ongoing trial in India.<br /><br />Satyam is now under new management and continues to do business.</div>                                                           
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    <br><a href="http://www.bbc.co.uk/news/business-12981738" class="re" target="_blank">BBC, 6 April, 2011, http://www.bbc.co.uk/news/business-12981738</a><div class="clear"></div>
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Satyam Computer Services and its former auditor PricewaterCoopers (PwC) have agreed to pay a combined $17.5m (&pound;10.7m) in fines in the US after one of India's biggest corporate scandals.

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Satyam Computer Services and its former auditor PricewaterCoopers (PwC) have agreed to pay a combined $17.5m (&pound;10.7m) in fines in the US after one of India's biggest corporate scandals.

Satyam, an outsourcing company, will pay $10m for falsely reporting more than..." />
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                            <br /><div align="justify"><em>Satyam Computer Services and its former auditor PricewaterCoopers (PwC) have agreed to pay a combined $17.5m (&pound;10.7m) in fines in the US after one of India's biggest corporate scandals.<br /></em><br />Satyam, an outsourcing company, will pay $10m for falsely reporting more than $1bn in profits over five years.<br /><br />The company's chairman Ramalinga Raju admitted to the fraud in 2009.<br /><br />Satyam's shares were indirectly traded on the New York Stock Exchange (NYSE) as well as in India.<br /><br />The US Securities and Exchange Commission (SEC) said it had fined the Indian affiliate of PwC $7.5m, describing it as the largest American penalty against a foreign firm.<br /><br />The SEC said the auditor, PW India, failed to independently verify cash balances in Satyam bank accounts.<br /><br /><em>Fake invoices<br /></em><br />Satyam created false invoices to inflate cash balances that appeared to double the value of the company's assets from 2005 to 2009, the SEC said.<br /><br />This misled holders of Satyam's American Depository Shares, which were trading on the NYSE, making it seem more profitable, it added. Satyam's common shares are traded primarily on Indian exchanges.<br /><br />The company did not admit or deny the allegations when settling the charges.<br /><br />Former executives of Satyam and two partners from PW India are facing criminal charges in an ongoing trial in India.<br /><br />Satyam is now under new management and continues to do business.</div>                                                           
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    <br><a href="http://www.bbc.co.uk/news/business-12981738" class="re" target="_blank">BBC, 6 April, 2011, http://www.bbc.co.uk/news/business-12981738</a><div class="clear"></div>
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Satyam and PwC are fined in US for accounting fraud

Published on Apr 6, 2011   Modified on Apr 6, 2011

Satyam Computer Services and its former auditor PricewaterCoopers (PwC) have agreed to pay a combined $17.5m (£10.7m) in fines in the US after one of India's biggest corporate scandals. Satyam, an outsourcing company, will pay $10m for falsely reporting more than $1bn in profits over five years. The company's chairman Ramalinga Raju admitted to the fraud in 2009. Satyam's shares were indirectly traded on the New York Stock Exchange (NYSE) as well as in India. The US Securities and Exchange Commission (SEC) said it had fined the Indian affiliate of PwC $7.5m, describing it as the largest American penalty against a foreign firm. The SEC said the auditor, PW India, failed to independently verify cash balances in Satyam bank accounts. Fake invoices Satyam created false invoices to inflate cash balances that appeared to double the value of the company's assets from 2005 to 2009, the SEC said. This misled holders of Satyam's American Depository Shares, which were trading on the NYSE, making it seem more profitable, it added. Satyam's common shares are traded primarily on Indian exchanges. The company did not admit or deny the allegations when settling the charges. Former executives of Satyam and two partners from PW India are facing criminal charges in an ongoing trial in India. Satyam is now under new management and continues to do business.

BBC, 6 April, 2011, http://www.bbc.co.uk/news/business-12981738

Tagged with: Corruption

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• Moving Upstream: Luni – Fellowship
• 135 Million Indians Exited “Multidimensional" Poverty as per Government...
• Explainer: Why are Tomato Prices on Fire?
• NSSO Survey: Only 39.1% of all Households have Drinking...
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Im4Change.org हिंदी वेबसाइट का परिचय. Short Video on im4change.org...

"Session 1: Scope of IDEA and AgriStack" in Exploring...

"Session 2: Farmer Centric Digitalisation in Agriculture" in Exploring...

"Session 3: Future of Digitalisation in Agriculture" in Exploring...

• Public Spending on Agriculture in India (Source: Foundation for...
• Agrarian Change Seminar: 'Protests against the New Farm Laws...
• Webinar: Ramrao - The Story of India's Farm Crisis...
• Water and Agricultural Transformation in India: A Symbiotic Relationship...
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