Washington: The World Bank said on Sunday it plans to publish the names of all companies it bars from receiving bank contracts, and named three Indian firms.
"There are currently three companies that (have) been debarred along with their affiliates under the Bank group's corporate procurement program," the bank said in a statement.
It said it had barred IT company Satyam Computer Services for eight years and Wipro Technologies for four years for "improper benefits to bank staff".
The bank said it also barred India's Megasoft Consultants for four years in December 2007 for "participating in a joint venture with bank staff while conducting business with the Bank".
India's No. 3 software company, Wipro Ltd, said on Monday the World Bank had determined in June 2007 the company would be ineligible for the bank's direct contracts up to 2011 citing a conflict of interest policy.
Wipro said its revenues from World Bank were insignificant and the decision would not affect its business and results. It said the announcement was being made now under revised disclosure policies.
(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)
India @ 9 with Rajdeep Sardesai
Is BCCI saving its own people and must Srinivasan, Shukla step down?
Is BCCI chief N Srinivasan making a big mistake by not resigning?
Let the team owners take over the IPL: Lalit Modi
Naxals kill Salwa Judum founder Mahendra Karma, 20 others
BCCI officials not keen on Srinivasan's resignation, say sources
Future uncertain, CSK out to hunt Mumbai for third title
IPL: Police to probe if Meiyappan placed bets, traded insider info
