The Security and Exchange Commission, US has fined PriceWaterhouse India $ 6 million for " deficient audits " that enabled " a massive accounting fraud to go undetected for several years " by Ramalinga Raju at Satyam Computer Services resulting in the firm's failure. Five PW affiliates have been banned from accepting any new clients in the US, their officers are to undergo training in best practices in accounting and have an independent monitor check on their work because " PW India failed to conduct even the most fundamental audit procedures." The fraud took place in India, so what have our authorities done to punish PW India? Nothing. In fact, PW India arrogantly denied any responsibility and and our spineless regulators agreed with their tails between their legs. So now that PW India has accepted SEC findings thereby accepting its guilt will the government punish the firm? Perish the thought. How can our criminal politicians or thieving, parasitic civil servants punish a firm based in London? After all they like to visit abroad with taxpayer money and their children are studying or working in the west. Best to bow to the white man and lick his boots. Meanwhile a row has broken out between politicians on who should investigate the 2G scam. While the Congress resisted a Joint Parliamentary Committee the Public Accounts Committee of Parliament has steamed ahead with its own investigation, making headlines by calling Ratan Tata, Anil Ambani and Niira Radia to testify. Now the JPC wants to take over but the PAC is unwilling to surrender the limelight. How about a kick boxing contest to decide the winner? The losers to clean toilets.