UN decides to snap business ties with Satyam
The United Nations in January suspended fraud-hit Satyam Computer from its vendor database. Fall of Satyam | Facts about Satyam | Satyam's Development Centres
By Agencies |
UNITED NATIONS: The United Nations has decided against having any dealings with the scam-hit Satyam Computer, a UN spokesman said on Monday.
The current contracts with various agencies are being wrapped up, he said.
"Throughout the (UN) system, various bodies of the United Nations will wrap up the contracts. The details of these may need some fine-tuning and may need to be worked out in coming months. But certainly all the contracts are being wrapped up. Some in the pipeline will be completed but it will all be shut down," he added.
The United Nations in January suspended fraud-hit Satyam Computer from its vendor database. The software exporter was selected by the UN on the talent management project.
The UN has also asked one of its arms International Computing Centre (ICC) to replace the firm for its projects.
���The UN Secretariat has several projects under way with ICC that involve Satyam. Satyam is engaged as a sub-contractor of ICC.���
Satyam has been in the doldrums following its founder B Ramalinga Raju's confession in January that he cooked company's account books and inflated profits for many years.
The current contracts with various agencies are being wrapped up, he said.
"Throughout the (UN) system, various bodies of the United Nations will wrap up the contracts. The details of these may need some fine-tuning and may need to be worked out in coming months. But certainly all the contracts are being wrapped up. Some in the pipeline will be completed but it will all be shut down," he added.
The United Nations in January suspended fraud-hit Satyam Computer from its vendor database. The software exporter was selected by the UN on the talent management project.
The UN has also asked one of its arms International Computing Centre (ICC) to replace the firm for its projects.
���The UN Secretariat has several projects under way with ICC that involve Satyam. Satyam is engaged as a sub-contractor of ICC.���
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Satyam has been in the doldrums following its founder B Ramalinga Raju's confession in January that he cooked company's account books and inflated profits for many years.
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