Describing statements by World Bank representatives to the media as inappropriate, Satyam demanded on Thursday that the bank withdraw the statements, issue an apology for the harm done to the company due to the bank's actions, and provide Satyam with a full explanation of the circumstances related to the statements.
"Satyam was declared ineligible for contracts for providing improper benefits to Bank staff and for failing to maintain documentation to support fees charged for its subcontractors," the World Bank said in a statement on Tuesday.
The statement from Satyam on Thursday does not question the company being barred from contracts, or ask for the revocation of the bar, but instead objects to statements made by bank representatives. It does not also address the charges under which the World Bank said it was making Satyam ineligible for future contracts.
A spokeswoman for Satyam declined to discuss the matter further.
Satyam usually does not comment publicly on matters involving customer relationships, the company said. However, the inaccuracy and inappropriateness of the World Bank's public statements regarding Satyam has forced it to issue a brief statement in order to set the record straight, it added.