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Satyam suspended from UN's vendor database
By siliconindia
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Monday, 26 January 2009, 18:15 IST |
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Hyderabad: Shattered Satyam computer has been suspended from the UN secretariat vendor database and UN has placed all ongoing contracts with Satyam under review. UN revealed that the information has been communicated to the UN procurement system and the UN Global Marketplace. "Ongoing contracts with Satyam are currently under assessment," said UN Procurement Division's Integrated Support Service Chief Kiyohiro Mitsui.
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 accounting fraud engineered by its founder Ramalinga Raju.
However, UN Spokesperson Michele Montas said that she has no new information about reassessment of UN contracts with Satyam, now under investigation by Indian authorities for fraud.