Satyam asks apology, World Bank says 'No'

New Delhi, Dec 26: Satyam Computer Services has demanded an apology from the World Bank, after it had debarred Satyam from getting direct contracts from it under its corporate procurement programme for eight years.

Satyam has urged the World Bank to immediately withdraw its statements and asked World Bank to "issue a new statement apologising to Satyam for the harm done to the company due to the Bank's actions and that it provide Satyam with a full explanation of the circumstances related to the Bank's inappropriate statements."

Satyam Computers had sparked off a controversy for its decision to buy Maytas Properties and Maytas Infra and then giving up the idea, said that it would evaluate all options in view of both the Bank's 'inappropriate' public statements and its response to the IT firm's requests.

But the World Bank has rejected Satyam's demand to withdraw its statement on the ban."The Bank stands by its statement issued on its Indian website on December 23," the India spokesperson of the World Bank Sudip Mazumder told reporters.

He said "It will be inappropriate to comment on Satyam's statement since I have not received it or read it." It is important to note that these developments are based out of our headquarters in Washington and are not related to Bank's India Programme," Mazumder said.

OneIndia News (With inputs from Agencies)