Satyam banned for 8 yearrs by World Bank
The World Bank has finally admitted that it has decided not to do business with city-based Satyam Computers for eight years over charges of data theft.
A Satyam spokesperson, however, refused to react to the World Bank statement.
After media went to town with the World Bank revelation, Satyam’s stock crashed by 13.5 per cent and closed at Rs.140.40 on the Bombay Stock Exchange. It had earlier touched a low of Rs 138.
Reports had appeared in October itself that the World Bank had implicated Satyam for data theft and had banned it. The company and the bank, however, had denied the ban then.
To read the full article, click here..
To read the ePaper, visit:
http://www.dc-epaper.com/DC/DCH/2008/12/24/index.shtml
A Satyam spokesperson, however, refused to react to the World Bank statement.
After media went to town with the World Bank revelation, Satyam’s stock crashed by 13.5 per cent and closed at Rs.140.40 on the Bombay Stock Exchange. It had earlier touched a low of Rs 138.
Reports had appeared in October itself that the World Bank had implicated Satyam for data theft and had banned it. The company and the bank, however, had denied the ban then.
To read the full article, click here..
To read the ePaper, visit:
http://www.dc-epaper.com/DC/DCH/2008/12/24/index.shtml
Labels: BSE, charges of data theft, Satyam banned for 8 yearrs by World Bank, Satyam Computers, Satyam’s stock crashed, World Bank, World Bank statement
posted by PressMart Team at
10:39 AM
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