Wednesday, July 7, 2021

PwC is under Probe in the Religare Fraud - Introduction

PricewaterhouseCoopers (PwC) is in the news again for the wrong reasons. PwC is under probe in a multi-crore loan fraud involving Malvinder Singh, former CEO and Chairman, Ranbaxy Laboratories and Shivinder Singh, ex-Vice Chairman, Fortis Healthcare and both one-time promoters of Religare Enterprises. Please read the entire write-up in the next article.

Over the last couple of years I have written on a number of cases involving PwC. Here I wanted to give the checklist for the benefit of readers. Please refer to my earlier articles. 

1. Kerala government bars PricewaterhouseCoopers for two years - December 2020

2. Sebi, MCA probing PwC's resignation as auditor of Reliance Capital and Reliance Home Finance - June 2019

3. PwC Resignation as Auditor of Reliance Capital and Reliance Home Finance Comes Under SEBI and Government Scanner - June 2019

4. SEBI, MCA probe PwC's resignation as auditor of Reliance Capital and Reliance Home Finance; ask stock exchanges to collect necessary information - June 2019

5. Delhi Court Summons PwC India's Chairman Shyamal Mukherjee and Chief Marketing and Communications Officer Nandini Chatterjee in a Defamation Case filed by Sarvesh Mathur, former CFO of PwC - September 2019