Saturday, 10 January 2009

World Bank-Satyam Computer Services

The World Bank has decided to keep Satyam Computer Services off all businesses for a period of eight years beginning September 2008.

The decision was taken following allegations of data theft in a project handled by the Hyderabad-based software solutions company, Fox News had reported in the morning.

“An anonymous World Bank spokesman conceded Satyam was suspended in February, declared a ‘non-responsive vendor’ and then ‘made ineligible to be a bank corporate vendor’ until 2016,” it said.

It, however, said that currently Satyam’s name was not included in the list of debarred firms on the World Bank’s site.

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