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This is an archive article published on December 25, 2008

Satyam demands apology from WB

Days after the World Bank announced that it had debarred for eight years Satyam Computer Services from doing any business with it, the IT major has demanded an apology from the Bretton Woods-twin for making ‘inappropriate’ statements.

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Days after the World Bank announced that it had debarred for eight years Satyam Computer Services from doing any business with it, the IT major has demanded an apology from the Bretton Woods-twin for making ‘inappropriate’ statements.

Demanding that the World Bank immediately withdraw its statements, Satyam Computer wanted ‘it (World Bank) to issue a new statement apologising to Satyam for the harm done to the company due to the Bank’s actions and that it provide Satyam with a full explanation of the circumstances related to the Bank’s inappropriate statements.’

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