PwC to pay $25m over Satyam audit

Affiliates of accountancy giant PricewaterhouseCoopers have agreed to pay $25.5 million (£15.3m) to former Satyam Computer Services' investors to settle US litigation over the audit of the Indian outsourcing company.

The settlement comes four weeks after PwC agreed to pay a record $7.5m US penalty over its auditing work for Satyam.