DSP-ML took 10 days to catch Satyam, PwC & BoD clueless over years?
Nasdaq: DSP Merrill Lynch Terminates Advisory Engagement With Satyam
The company said it decided to terminate the engagement, as it came to know that there were material accounting irregularities.
Note that Satyam hired DSPML ~ Dec 29, 2008. So it took DSPML just 10 days to figure out that there was Satyam was cooking the books.
Does anyone still believe that the rest of Satyam management, their Board of Directors, their banks & their auditors (PwC) really didn’t know about this? For the past many years?
Come on.
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