Satyam fiasco won't tarnish Indian IT image: Karnik

HYDERABAD: Terming the Satyam fiasco as "unfortunate", Kiran Karnik, one of the three members of the newly constituted board of the crisis-ridden IT firm, today said the scam is unlikely to affect the Indian software industry.

"Everybody who has interacted with the Indian IT industry is very well aware of the high standards of transparency and governance. There has been one very tragic, unfortunate case but that does not mean that the industry is under a cloud," Karnik said addressing the media for the first time after becoming the director of Satyam.

When asked about the World Bank debarment on another IT company Wipro for four years, he said, "Wipro and the World Bank, that is a different question altogether. On this forum we don't want to answer that."

Banker Deepak Parekh, who is also a member of the new board, which met today said that already two global clients have vouched for Satyam. "Two international customers have said that the quality and accuracy of services from Satyam are much better," Parekh said.

Meanwhile, Malaysian Airlines which has engaged Satyam for its onsite professional services said, "We have been in discussions with Satyam and have been advised that the services will continue as usual."