The World Bank on Sunday said it plans to publish in the future the names of all companies it bans from doing work with the poverty-fighting institution, and immediately listed three Indian companies.The Bank said the move aligns its disclosure practices for companies involved in wrongdoing that work on development projects financed by the World Bank and those that provide goods and services directly to the institution.
The World Bank has long been under pressure to step up its fight again fraud and corruption within the institution and in projects it finances in developing countries.
The three companies of the list are Satyam,india’s fourth largest IT firm ,Wipro,India’s third largest Software company and megasoft consultants