PwC Global CEO may visit India

Tags: India, piazza, PWC, visit, IT
Samuel Di Piazza Junior, the outgoing chairman and CEO of PricewaterhouseCoopers Global, and Dennis

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Nelly, the incumbent global chairman of PwC are likely to visit India between June 22 and 24. The two may meet Union corporate affairs minister Salman Khurshid and other key functionaries in the government to discuss the Rs 7,000 crore Satyam accounting scam.

Financial Chronicle’s query to PwC spokesperson via SMS in this regard did not elicit any response. The two leaders from the PwC Global team are likely to visit Mumbai and Delhi.

Significantly, no other PwC Global top brass has visited India in such a quick succession. Di Piazza Junior, whose two consecutive terms as the PwC Global chaiman is coming to an end on June 30, had visited India and met the then corporate affairs minister Prem Chand Gupta on January 29 on Satyam fraud.

As PwC's financial year begins from July 1, Dennis Nelly will take up the reins from DiPiazza. Althugh DiPiazza will remain with the firm and retire sometime later in 2009, his proposed visit to India days before his stepping down as the chairman and that too with the incumbent chairman assumes special significance. This would also signify the importance of Indian market in the PwC’s global scheme of things.

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