World Bank Banned Wipro
wipro and MEGASOFT BANNED by the world bank after SATYAM
The reputation of India’s IT services industry took another blow after it emerged that Wipro has been barred from working for the World Bank, less than a month after Satyam Computer Services was blacklisted by the institution.
Wipro the leading IT and business giant Discloses that the company was barred from direct contracts from the World Bank,Wipro did not discuss the ban earlier as it was a World Bank policy not to discuss such investigations, said Paranjpe.
The ban was prompted by the sale of about 1,750 shares for about US$72,000, Wipro said. 
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