Satyam Computer Services banned by World Bank

Breaking News! The World Bank has banned Satyam Computer Services from providing software services. Satyam won't be able to provide any service to the World Bank for 8 years. The decision was taken because of the reports of improper benefits to bank staff and lack of documentation on invoices caused by Satyam Computer Services.

Satyam started providing IT services to the World Bank 5 years ago. There were allegations of bribery in 2005, but the matter died down. There have been other allegations against Satyam such as causing security breaches at the World Bank database and sensitive information.