Mahindra Satyam asking World Bank to overturn ban

Written by: Super Admin
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New Delhi, Sep 16: Mahindra Satyam is reportedly seeking an end to the ban imposed on Satyam Computers by the World Bank for allegedly providing improper benefits to the staff of the bank.

The fraud-hit Satyam Computers which was blacklisted in Sep 2008, was re-branded as the Mahindra Satyam after acquisition by Tech Mahindra.

"We are having discussions with the bank. We have made some progress on that front," Mahindra Satyam's Europe President Atul Kanwar said on Tuesday, Sep 14.

The company is also continuing its efforts to win back the clients lost after the its founder B Ramalinga Raju revealed multi-crore rupee fraud.

"We are talking to clients who have left us. Some of these clients have also given us new orders," Kanwar.

Kanwar who refused to name any clients, also said that even though the company is likely to seal some deals by next quarter, it was too early to call it a complete turn around.

OneIndia News

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