Indian Companies Feel the Wrath of the World Bank |
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May 5, 2010
In India, a corporate governance watchdog has emerged from a relatively unexpected quarter – the World Bank.
In India, a corporate governance watchdog has emerged from a relatively unexpected quarter – the World Bank.
The World Bank has a practice of debarring suppliers of goods and services for infringements of its internal guidelines and then publishing the names of the alleged offenders on its website.
Over the past few years, three well-known Indian companies have appeared on this list: outsourcing groups Satyam Computer Services and Wipro Technologies, and, it emerged on Wednesday, appliance group Videocon Industries.
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