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World Bank names blacklisted Indian IT firms
Published on Mon, Jan 12, 2009 at 11:15 in Business section
Tags: World Bank, Satyam Computers , Washington
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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.
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Yes Wipro may be high on Corpporate Governance but just have a look at its HR policies ... really it
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Basically all indian IT Companies are Corrupt,
does media know how many people work with Fake experience
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It is high time if not overtime thatthe government and people should have a fresh look at the concepts of
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Dear Sir
It is a matter of surprise and shame if this report is true.
Company's
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The World Bank is going to publish the names of all such companies which would be banned from receiving bank
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