Satyam Objects to World Bank Statements, seeks apology
Hyderabad, India, December 25, 2008: After facing brick bats for 10 days, Satyam Computer Services Ltd finally came out with its own defense. On Thursday, the company has vigorously objected the statements made by World Bank representatives reported recently in the press. Satyam formally requested today that the World Bank immediately withdraw those statements, that it issue a new statement apologizing 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.
The statement further said, Satyam has further advised the Bank that Satyam would evaluate all possible options in view of both the Bank’s inappropriate public statements and its response to Satyam’s requests.
“Satyam usually does not comment publicly on matters involving our customer relationships. However, the inaccuracy and inappropriateness of the World Bank’s public statements regarding Satyam has forced us to issue this brief statement in order to set the record straight.” the company said.
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