Archive for October 2nd, 2009

Icai wings clipped over Satyam scam

New Delhi: The fraud perpetrated by Satyam Computer Services Ltd’s founder B. Ramalinga Raju has claimed some collateral damage: the apex body of accountants in the country, and its current president Uttam Prakash Agarwal.
The government has, in recent weeks, tightened its control over the Institute of Chartered Accountants of India (Icai) diluting Agarwal’s own powers [...]