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World Bank bars Wipro, Megasoft, 3 more firms

January 12, 2009

Even before the dust settled on the controversy involving Satyam's debarment, the World Bank on Monday revealed that action has been taken against a total of five entities in India, including Wipro Technologies, and an individual.

The action was initiated against these entities and individual as they were found to have 'violated the fraud and corruption provisions of the Procurement Guidelines or the Consultant Guidelines,' besides offering improper benefits to World Bank staff.

Megasoft became the third Indian software vendor to have attracted the World Bank's ire, while Nestor Pharmaceuticals and Gap International were non-IT entities.

An individual Surendra Singh was barred from doing business with the World Bank for violating guidelines.

Text: PTI

Image: World Bank President Robert Zoellick. | Photograph: Alex Grimm/Reuters

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