The Hindu Business Line : Satyam refutes reports on World Bank bar

Hyderabad, Oct. 11 Satyam Computer Services has refuted reports in the international media that World Bank has barred it from doing offshore work. The reports said the bank had taken this decision after noticing reported intrusions into systems. “The story has no validity,” a Satyam spokesperson said.

Incidentally, a five-year contract between the bank and Satyam lapsed in September. The fourth largest IT services provider from India had bagged the contract in 2003 to implement Enterprise Resource Planning solution, extend document management and integrated messaging system.

Quoting from a World Bank statement that was issued to the agencies that ran the story, the spokesperson said here on Saturday that the story was wrong and was riddled with falsehoods and errors. “The story cites misinformation from unattributed sources and leaked e-mails that are taken out of context,” the statement said.

“Like other public and private institutions, the World Bank has repeatedly experienced hacking attacks on its computer systems and is constantly updating its security to defeat these,” it said.

“But at no point has a hacking attack accessed sensitive information in the World Bank’s Treasury, procurement, anti-corruption or human resources departments,” the spokesperson said quoting the bank’s statement.

However, World Bank officials in Delhi were not available for comment on the reports on Saturday evening.

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