KPMG and outline carmen Deloitte will george bizet understand replace Satyam’s (SATY.BO) previousauditor, the Indian unit of PricewaterhouseCoopers (PWC), whichsaid its opinions on the outsourcing firm’s financial statementsmay be unreliable, given the revelations of fraud announced bySatyam’s founder and chairman Ramalinga Raju. India’s prime minister met key ministers on Tuesday todiscuss Satyam, and company affairs minister PC Gupta later said “different possibilities” were being examined. A government bailout is key to ensuring the company hasenough cash in the near term and to restoring flagging investorconfidence, analysts said, noting massive job losses from aSatyam collapse could hurt the government heading into nationalelections expected in the next few months. Local media have estimated the government would have to pumpup to 20 billion rupees ($410 million) into the company to keepit afloat and reassure its nervous clients and employees.

Official probes into the scandal have widened after thegovernment ordered the Serious Fraud Investigations Office toopen an investigation into the more than $1 billion fraud film carmen . Raju, his brother and the company’s former chief financialofficer have been charged and are in jail in the southern Indiancity of Hyderabad, Satyam’s headquarters bizet opera . Raju, 54, quit last week after confessing the company’sprofits had been falsely inflated for years georges bizet . The scandal has hit Indian stocks .BSESN and the rupeecurrency, as investors worried over the damage to foreigninvestment in Asia’s third-largest economy and the once-boomingoutsourcing sector, a magnet for thousands of young job seekers “External services spending in the U.S habanera . is already slowingas banks tighten their belts,” Jacob Jegher, a senior analyst atconsultancy Celent said in a note.

“Financial services firms who are considering outsourcing inforeign countries will now have an additional reason tohesitate carmen dvd . The risk of scandal and fraud is the last nail in thecoffin.” Shares in Satyam, which counts Nestle (NESN.VX) and GeneralElectric (GE.N) among its clients, fell 4 percent on Wednesday.Its market value has dived to about $410 million from more than$7 billion six months ago bizet habanera . “We placed reliance on management controls over financialreporting, and the information and explanations provided by themanagement . Carmen tickets – osu . bizet . during the course of our audits,” PriceWaterhouse said in a Jan 13 letter to Satyam released onWednesday farandole . Due to Raju’s confession, the audit firm said its opinionson the financial statements “may be rendered inaccurate andunreliable.” It audited Satyam from the quarter ended June 2000to the quarter ended Sept 2008.

The scandal has also dented hopes of thousands of graduateswho said they had been promised jobs by the company, a pioneerin India’s software sector Satyam has a 53,000-strongworkforce carmen video . PROBES WIDEN The Reserve Bank of India has sought details of banks’exposures to Satyam and other firms run by the founding family carmen serrano . But a lawyer for India’s securities watchdog (SEBI) saidinvestigators were already having trouble accessing documentsdue to the number of agencies involved habenera Carmen . The Securities andExchange Board of India and at least one state agency are alsoconducting probes into the scandal “It is difficult perez .

We have to get police permission to seeeach and every document,” Pradyumna Kumar Reddy told CNN-IBNnews channel “Each agency has its own way of examining theissue . Unfortunately, our probe is being delayed.” Satyam’s new board has said it needs to restate its accountsand appoint senior people as soon as possible to get back ontrack toreador . ($1=48 Carmen tickets .9 rupees) (Additional reporting by Rajesh Kumar Singh and Nigam Prusty inNEW DELHI; Writing by Rina Chandran; Editing by John Mair andAnshuman Daga) Stocks Media biset Carmen . BioSyntech to conclude enrolment for pivotal BST-CarGel(R) trial in February2009LAVAL, QC, Jan 14 /PRNewswire-FirstCall/ – BioSyntech, Inc .

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