Three firms debarred by World Bank

Satyam Computer Services co-founder
B. Ramalinga Raju

The World Bank has announced that it will "make public the names of all companies that have been debarred from receiving direct contracts from the Bank Group under its corporate procurement program.'

Three firms have been debarred so far:

Satyam Computer Services, Ltd.
Term: 8 years
Date: September 2008
Reason: Providing improper benefits to Bank staff and failing to maintain documentation to support fees charged for its subcontractors.


Wipro Technologies
Term: 4 years
Date: June 2007
Reason: Providing improper benefits to Bank staff


Megasoft Consultants Ltd.
Term: 4 years
Date: Dec 2007
Reason: Participating in a joint venture with Bank staff while also conducting business with the Bank