After World Bank,UN suspends Satyamhttps://indianexpress.com/article/news-archive/web/after-world-bank-un-suspends-satyam/

After World Bank,UN suspends Satyam

The United Nations has placed all the ongoing contracts with Satyam Comp under review.

The United Nations has said it has suspended tainted Satyam Computer Services from the Secretariat’s vendor database and placed all ongoing contracts with the company under review.

“Satyam has been suspended from the UN Secretariat vendor database. The information has been communicated to the UN procurement system and the UN Global Marketplace.

“Ongoing contracts with Satyam are currently under assessment,” UN Procurement Division’s Integrated Support Service Chief Kiyohiro Mitsui said in an e-mail on Friday.

The UN,however,did not assign any reason for the action against the Indian IT company,which is smarting from the shock of a Rs 7,800 crore accounting fraud engineered by its founder Ramalinga Raju.

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UN Spokesperson Michele Montas has,however,said she no new information about reassessment of UN contracts with Satyam,now under investigation by Indian authorities for fraud.

The UN procurement website lists contracts worth about USD six million with the Indian software firm,including a talent management software.