UN suspends contracts given to disgraced Indian Satyam computers

by Sanjay Jha | January 23, 2009 at 02:43 am

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Disgraced Indian IT company Satyam has got another blow. They have lost another client. The United Nationas has suspended tainted company from its Secretariat's work and placed all ongoing contracts with the company under review.

"Satyam has been suspended from the UN Secretariat vendor database. The information has been communicated to the UN procurement system and the UN Global Marketplace.

"Ongoing contracts with Satyam are currently under assessment," UN Procurement Division's integrated support service chief, Kiyohiro Mitsui, said in an email today.

The UN, however, did not assign any reason for the action against the IT company, which is reeling from the shock of a Rs 7,800 crore accounting fraud engineered by its disgraced founder B Ramalinga Raju.

UN spokesperson Michele Montas has, however, said she no new information about reassessment of UN contracts with Satyam, now under investigation by Indian authorities for fraud.

The UN procurement website lists contracts worth about USD six million with the software firm, including a talent management software.