World Bank names blacklisted Indian IT firms

Discussion in 'Wall St. News' started by talknet, Jan 12, 2009.

  1. talknet


    WASHINGTON, Jan 11 (Reuters) - 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 (SATY.BO) for eight years and Wipro Technologies (WIPR.BO) for four years for "improper benefits to bank staff".