Jewar TEFR consultant PWC gets SEBI ban of 2 years for committing Satyam Fraud!

(11/01/2017) Noida :

PriceWaterHouseCoopers has been banned by market regulator SEBI for engaging in audit work with any listed company for two years.

PWC has been appointed as TEFR consultant for Greenfield Airport Project at Jewar just last month. The tainted firm will be responsible for preparing the very significant Techno Economic Feasibility Report for this upcoming International airport at Jewar.

However as the ban comes into implementation from next financial and is specifically for engaging in auditing work hence the nature of its engagement at this project is expected to remain unchanged.