Shaalu Mehra Comments on PricewaterhouseCooper Arrests

Two PricewaterhouseCooper auditors, accused by former Satyam executives for falsifying the company’s accounts, were recently arrested for their alleged involvement in the $1 billion scandal. "I don’t know what to make of the arrests," said Perkins Coie Licensing & Technology Partner Shaalu Mehra in the Financial Week article "Doubt Cast on Satyam Execs’ Accusations Against PWC." Former Satyam chairman Messrs Raju’s public statements have been less than credible to many observers, and his confession to falsifying bank statements have left some dubious as well. "He may have confessed to the lesser crime" in hopes of gaining leniency, said Mehra.