>> ASIAONE / BUSINESS / NEWS / STORY
World Bank bars 3 IT firms
Mon, Jan 12, 2009
Reuters

WASHINGTON - THE World Bank said on Sunday it planned to publish the names of all companies it barred 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'.

It said it also barred India's Mefasoft Consultants for four years in December 2007 for 'participating in a joint venture with Bank staff while conducting business with the Bank'.

 

 
STORY INDEX
 
  China Mobile: $13b for 3G
   
 
  World Bank bars 3 IT firms
   
 
  China Eastern to post loss
   
 
  Brown to unveil jobs plan
   
 
  S'pore dream: back to basics
   
 
  Video: State steps in to save Satyam
   
 
  New Satyam board installed
   
 
  Manpower Ministry to prosecute Tipper Corporation
   
 
  Globe and Mail to cut jobs
   
 
  Satyam chief jailed
   
We welcome contributions, comments and tips.
a1admin@sph.com.sg