Thiruvananthapuram:After Leader of Opposition and senior Congress leader Ramesh Chennithala brought up PwC name while hitting out at Kerala Chief Minister Pinarayi Vijayan, PricewaterhouseCoopers Private Limited (PwCPL) said it is not a blacklisted firm as claimed by the former twice in the past three days.
The London-headquartered firm's statement said it wishes to clarify that the entity performing work for the Kerala government's Department of Transport is PwCPL.
"PwCPL is a limited liability company which provides consulting services and is not an audit firm. The SEBI Order of January 2018 neither applied to PwCPL nor did it impose any restriction on PwCPL whatsoever."
It also pointed out that even otherwise, the said SEBI order, which had restricted the PricewaterhouseCoopers audit firms from providing audit services for two years, was set aside by the Securities and Appellate Tribunal (SAT) in September 2019.
"With SEBI subsequently appealing the SAT order before the Supreme Court, the matter is now sub judice. However, there is no stay by the Supreme Court on the ability of any Price water house audit firms in India to render their services," said the firm.
Earlier in the day, Chennithala claimed that Vijayan was a "past master at scientific corruption".
Addressing the media, Chennithala said Kerala had seen a few communist Chief Ministers, but none could match Vijayan in corrupt deals.