PwC hires law firms anticipating tussle with Reliance Group

PwC hires law firms anticipating tussle with Reliance Group
19/06/2019 , by , in News/Views

Price Waterhouse & Co, an affiliate of Pricewaterhouse Coopers, has hired three law firms as it expects a legal tussle to erupt following its decision to resign as the auditor of Reliance Capital and Reliance Home Finance.

PwC has engaged Shardu lAmarchand Mangaldas, J Sagar and AZB, and asked them to prepare a defence against not just the Anil Ambani-led Reliance Group but also regulators and probe agencies such as the National Financial Reporting Authority (NFRA) and the Serious Fraud and Investigation Office (SFIO).

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