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World Banks Closes Door on Satyam

Avijit Bajpai


It seems that things are not going well for Satyam computers as close on heel on its botched acquisition deal of Mayatas, news have now come out that the World Bank has banned it from dealing with it.


The charges labeled on Satyam include providing inadequate detail on invoices to bribing officials of the bank. The company though has refused to comment on this news saying that they do divulge details regarding transactions with individual clients.


Satyam has been allegedly accused of bribing a key world bank official who was then instrumental in giving a contract to it.

 
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