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Sunday, January 25, 2009

India detains 2 accountants for Satyam probe

NEW YORK (AP) — Price Waterhouse India, auditors of the troubled Indian outsourcing giant Satyam Computer Services Ltd., confirmed Saturday that two of its partners have been detained by Indian police.

"We do not know the basis for them being detained," the accounting firm said in a statement. "Over the last (two weeks), the firm has fully cooperated in all inquiries and has provided the documents called for by the Indian authorities." MORE...

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