Rediff India Abroad
 Rediff India Abroad Home  |  All the sections

Search:



The Web

India Abroad




Newsletters
Sign up today!

Get news updates:
  


Home > India > Business > PTI > Report

   Discuss   |      Email   |      Print   |   Get latest news on your desktop

UN contracts to Satyam under review

January 23, 2009 14:13 IST

Related Articles
The Satyam fiasco: Complete coverage

The United Nations has said it has suspended tainted Satyam Computer Services [Get Quote] from the Secretariat's vendor database and placed all ongoing contracts with the company under review.

"Satyam has been suspended from the UN Secretariat vendor database. The information has been communicated to the UN procurement system and the UN Global Marketplace.

"Ongoing contracts with Satyam are currently under assessment," UN Procurement Division's Integrated Support Service chief Kiyohiro Mitsui told PTI in an e-mail on Friday.

The UN, however, did not assign any reason for the action against the Indian IT company, which is smarting from the shock of a Rs 7,800 crore (Rs 78 billion) accounting fraud engineered by its founder Ramalinga Raju.

UN spokesperson Michele Montas has said she no new information about reassessment of UN contracts with Satyam, now under investigation by Indian authorities for fraud.

The UN procurement website lists contracts worth about $6 million with the Indian software firm, including a talent management software.



© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

   Email   |      Print   |   Get latest news on your desktop



Advertisement
Advertisement