ravi
December 24th, 2008, 03:55 PM
The fourth-largest Indian IT company Satyam Computer Services has been banned by World Bank says a Fox News report. The report quotes
a senior World Bank official admitting that Satyam has been barred from all business at the bank for eight years.
The World Bank debarment has been meted out for "improper benefits to bank staff" and "lack of documentation on invoices," according to Fox News report.
World Bank information security chief Robert Van Pulley admitted to the ban during a recent meeting with the officials of Government Accountability Project (GAP), a whistleblower protection organisation in the US, as per the report. The bank has handed over the case to the US Justice
Source:
http://infotech.indiatimes.com/News/World_Bank_bans_Satyam_for_8_years/articleshow/3880127.cms
a senior World Bank official admitting that Satyam has been barred from all business at the bank for eight years.
The World Bank debarment has been meted out for "improper benefits to bank staff" and "lack of documentation on invoices," according to Fox News report.
World Bank information security chief Robert Van Pulley admitted to the ban during a recent meeting with the officials of Government Accountability Project (GAP), a whistleblower protection organisation in the US, as per the report. The bank has handed over the case to the US Justice
Source:
http://infotech.indiatimes.com/News/World_Bank_bans_Satyam_for_8_years/articleshow/3880127.cms