Thursday, June 8, 2023 | Back issues
Courthouse News Service Courthouse News Service

Computer Firm Will Cough Up $10 Million

WASHINGTON (CN) - Satyam Computer Services, of Hyderabad, India, will pay $10 million to settle an SEC complaint that it overstated its income by more than $1 billion over 5 years. In a separate, related settlement, PriceWaterhouseCoopers' Indian affiliates will pay $6 million for shoddy audits that enabled the accounting fraud.

Categories:Uncategorized

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.

Loading...