Five audit firms of Price Waterhouse India have admitted to the US markets regulator, the Securities and Exchange Commission (SEC), that deficiencies in their auditing process were not restricted to Satyam Computer , but extended to other companies audited by them in India as well. This disclosure by PW India is in two documents released by the SEC on April 5 while concluding its findings on the Satyam accounting fraud case....
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Jan Lokpal bill: addressing concerns by Prashant Bhushan
The draft bill seeks to create an institution that will be independent of those it seeks to police, and will have powers to investigate and prosecute all public servants, and others found guilty of corrupting them. A number of commentators have raised issues about the provisions in the draft of the Jan Lokpal Bill. They have asked whether it would be an effective instrument to check corruption. They have pointed to...
More »'It's Sharad Pawar's old habit to indulge in corruption'
It's Sharad Pawar's old habit of indulging in corruption. Yes, I am levelling charges. Take me to court, I will prove the allegations," said activist Anna Hazare in New Delhi, as he began his fast unto death strike against corruption on Monday. Hazare's is campaigning for a compressive Lok Pal Bill to give wider powers to the ombudsman to check corruption attracted a huge crowd of over 3,000 people at Jantar...
More »Charge sheet identical to CAG findings by Sandeep Joshi
The only difference is in revenue loss, which the investigating agency CBI put at Rs.30,984 crore The Central Bureau of Investigation's first charge sheet in the 2G spectrum allocation scam is almost identical to what the Comptroller and Auditor-General of India (CAG) said, except for the figure of revenue loss, which the CBI has put at Rs.30,984 crore. The CBI agrees with the CAG audit findings that the former Telecom Minister, A....
More »Lokpal Bill: ‘no precedent for a joint committee' by Smita Gupta
The pressure on the United Progressive Alliance (UPA) government to enact the Lokpal Bill to check corruption by public servants is mounting, 42 years after another government first attempted to create such a law, as civil society representatives and the Sonia Gandhi-led National Advisory Council (NAC) have joined hands to push for the early enactment of a tough law. On April 3, the National Campaign for People's Right to Information (NCPRI)...
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