Indian police alleged Thursday that two auditors working for an Indian unit of PriceWaterhouseCoopers colluded with the company's Chairman to perpetrate fraud at Satyam Computer Services.

The individuals are under investigation and have not yet been charged, the Financial Times reported today.

During interrogation [the auditors, Subramani Gopala Krishnan and Talluri Srinivas] confessed their involvement in the crime, deputy superintendent N Balaji Rao said in a document. He requested a court to remand them in custody for 15 days, FT reported

Satyam's former Chairman B Ramalinga Raju is accused of falsely increasing the company's profits for several years. The fraud has been called the largest in India's corporate history. The alleged fraud is believed to have inflated profit by up to $1 billion.

India Mahindra Satyam