Tech M asks World Bank to lift ban on Satyam

Bangalore: World Bank is officially approached by Tech Mahindra, to lift the eight year ban on the scam-hit IT services firm Satyam. This move comes after Tech Mahindra acquired Satyam and renamed it as Mahindra Satyam. Satyam was blacklisted last September and a month later the software firm denied reports that its contractors had installed spy software on World Bank computers
"We wrote to the bank a few weeks ago. We don't expect an immediate response as these things take time but we disagree with the claims they've made," said Vineet Nayyar, Vice-chairman, Tech Mahindra. Tech Mahindra also said that it remains committed to developing a $75 million IT facility in Geelong and will continue to service Telstra despite losing a $30 million-plus contract.

The Geelong project was announced more than a year ago with Satyam as the main financial backer, in partnership with the Victorian government, the City of Greater Geelong and Deakin. The software hub was to create 2,000 jobs, a welcome reprieve for a region afflicted by automotive industry job losses.