Citizens Whistle Blowers Forum requests action against PricewaterhouseCoopers
Moneylife Digital Team 12 July 2017
Delhi-based Citizens Whistle Blowers Forum (CWBF) has requested Prime Minister Narendra Modi and Finance Minister Arun Jaitley to take immediate action against PricewaterhouseCoopers India Pvt Ltd (PwC) for allegedly posing threat to national interests.
 
CWBF, in a release says, "A number of highly disconcerting issues involving PwC, which pose serious threat to national interests, safety of investments of common man, result in significant losses to the public exchequer and which expose lack of efficacy of controls in the banking system have come to the notice of the CWBF. Further PwC has been found guilty of criminal acts by the Serious Frauds Investigation Office (SFIO) and by the Special CBI Court. Despite this, PwC is being rewarded with significant government business including those where there are direct conflicts of interest."
 
The Forum is headed by Justice AP Shah, former Chief Justice of Delhi High Court with Senior Advocate Prashant Bhushan as its Member Secretary. Other members of the Forum include Prof Aruna Roy, former Finance Secretary EAS Sarma, Prof Jagdeep Chhokar, Admiral Lara Ramdas and Wajahat Habibullah, former Chief Election Commissioner. 
 
 
Comments
Vaibhav Dhoka
4 years ago
It is rightly said that Finance minister should have initiated action but our PM said and lashed at ICAI for not taking disciplinary action on erring CAs overlooking PWC where action should have initiated long back.Catching petty CA is no great.
A BANERJEE
4 years ago
As rightly stated in the article and worth quoting: "...PwC has been found guilty of criminal acts by the Serious Frauds Investigation Office (SFIO) and by the Special CBI Court. Despite this, PwC is being rewarded with significant government business including those where there are direct conflicts of interest." It is indeed strange and shocking that a group of eminent citizens should take up the issue with FM who ought to have taken necessary action in this regard on his own. And, this happens during a nationalistic dispensation! Will the PM take this matter up in the interest of the country?
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