"The Indian government suspects Satyam's disgraced former chairman Ramalinga Raju may have diverted money into a maze of subsidiary firms."

This sounds like India's own Enron (viz maze of subsidiary firms). This time it's PWC and not Arthur Anderson which audited and OK'd the accounts. Of course, PWC cocked up in Japan (Nikko Cordial - a massive fraud which PWC audited as OK) and they managed to keep the brand intact unlike Anderson.

Companies employ auditors who are "nice" to them - viz, not hard, buy lots of lunches/away days.. Shaeholders vote on this - they should take more interest !!!

Now if the President Elect, Gordon Brown and the remainder of the free world take notice of the initiatives exercised by our Asian colleagues...

Ah, Oh but!

I can recall that quite some years ago import/export with Asia was deemed risky because of the volume of backhanders required. It looks as if Asia can now say the same?