PwC fined more than $30 million
Posted On: Sep. 17, 2019 6:33 AM CSTThe Enforcement Directorate of India said that U.K.-based consulting firm PricewaterhouseCoopers LLP has been fined 2.3 billion Indian rupees ($32 million) for allegedly violating provisions of the Foreign Exchange Management Act, The Economic Times reports. An investigation revealed that PwC and its functionaries allegedly received nearly $50 million of foreign investments in the guise of grants.