Saturday, 10 January 2009

Satyam asks World bank to apolise

Satyam Computer Services, which has been receiving lot of flak following the aborted bid to acquire Maytas Properties and Maytas Infrastructure, has asked the World Bank to apologise to it for harming its interests.

It also asked the Bank to explain the circumstances related to the “Bank’s inappropriate statements” quoted in the media extensively.

The Bank on Wednesday announced that it made Satyam ineligible for eight years to take any contract from it “for providing improper benefits to Bank staff” and “for failing to maintain documentation to support fees charged for its subcontractors.”

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