Arthur Anderson re-enters India, ties up with IBA

Global financial advisory firm Arthur Andersen has re-entered Indian market in partnership with consulting company International Business Advisors (IBA).
IBA has announced its partnership with Arther Andersen (AA) to offer professional advisory services in India.
"With the announcement, Global giant Arthur Andersen reconstituted its India operations and will be offering its professional services capabilities to the Indian enterprises through the India partner - IBA," International Business Advisors said in a release.
Commenting on the announcement, Nirav Maniar, Director, IBA said the partnership should be mutually beneficial for the growth of AA network and IBA in Indian market.
Further on the restart of AA's operations globally, Stephane Laffont-Reveilhac, Global Managing Partner of AA said: "IBA's strong presence will surely help Arthur Andersen network re-build its reputation and business presence in India".

In the wake of the Enron scandal and the Arthur Andersen's indictment for obstruction of justice in 2002, it ceased auditing clients in 2002. Its associates in India joined other firms and started their own enterprises.