India: Satyam auditors arrested

The UK's Financial Times newspaper has reported that two auditors from PwC, Satyam's former auditors, have been arrested. The report states that they have been arrested for "fraud and criminal breach of trust" as part of the police investigations into Satyam. Elsewhere, India's President - Smt. Pratibha Devisingh Patil - has recognised the need for stronger corporate governance in her speech to the nation on the eve of the 60th republic day of India (although she did not refer directly to Satyam).