Pricewaterhouse approaches Delhi HC against govt action
Press Trust of India / New Delhi Nov 04, 2009, 13:33 IST
The Delhi-based franchise of audit firm PricewaterhouseCoopers today approached the Delhi High Court seeking quashing of proceedings initiated against it by the government in the aftermath of Satyam scam.
It pleaded before the court that the government proceedings were illegal as they have no connection with the Bangalore-based franchise which had audited Satyam accounts.
"There are six franchises of the international audit firm in the country and they are not related to each other in any way. We have nothing to do with the Bangalore firm which had audited Satyam accounts.
"So there doesn't arise any cause of action against us in the aftermath of the Satyam scam," senior advocate Mukul Rohatgi, appearing for the Delhi-firm, pleaded.
He submitted that the proceeding against it should be quashed immediately.
Justice Sanjeev Khanna after hearing his arguments asked the government counsel to take instructions from the Centre and inform the court.
Are they (PWC) using the McDonalds model - franchise et al?
Jokes apart, anyone lending their name as part of the franchise arrangement, makes sure the name is used properly. McDonalds certainly does, while PWC seems to have forgotten that!
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