World Bank bars Wipro, Megasoft, 3 more firms
The World Bank and IMF are patsies par excellence of Atlanticist's. Is the incoming Obama administration using these as the cat's paw to black-ball Indian firms ?
I am by no means suggesting that the Indian firms are pearly pure - but farce is often the handmaiden of irony. The World bank is a notoriously corrupt place - starting of course with the Wolfowitz saga - then they fired the person who actually did some work while in the anti-corruption unit - only to realise they had screwed up.
one suspects a larger smear tactic is at hand.
5 comments:
I wonder what the world bank has to say about this "Telecom Minister: Zero to Rs 755 crore in 1 year!"? No one can beat Bharatiya politicians especially of Congress and its friends in corruption.
Have worked on several projects with Wipro. They are very high on integrity. People in the company are very simple in terms of lifestyle and open. If we see the reasons advanced by the WB, they appear to be very thin on substance. Obama is trying to make his outsourcing prevention promise work.
Ghost Writer is quite correct in saying "The World Bank and IMF are patsies par excellence of Atlanticist's."
I had posted the following comment on another blog : http://india-latestnews.blogspot.com/2009/01/world-bank-bans-wipro-why.html , which carried the same news.
"WB itself is an unscrupulous, unethical organization, much worse than a village money lender. I have a feeling that the ban imposed on Wipro has been motivated by extraneous considerations.
What I’m reminded of is a scam relating to a WB funded project for purchase of computers and communications equipment by the Indian Council of Agricultural Research (ICAR). The affair came to light in November 2000. A criminal case was registered against the Director General and three senior executives of ICAR. The then Agriculture Minister, Nitish Kumar, with the approval of the Appointments Committee of the Cabinet, ordered the DG to go on “compulsory wait” while the investigations were going on. The DG and the three “senior executives” were persons with connections with powerful Indian politicians and with international agencies like FAO and World Bank. With his connections, the DG managed to brew up a storm of “protest” against his removal. The significant part was that the World Bank’s task manager for that particular project went out of his way to support the DG, although there was prima facie evidence of fraudulent deals. With the support from World Bank and other quarters, the DG got himself reinstated, and it was poor Mr Nitish Kumar who had to resign!"
india should ban world bank. as i mentioned before - all this seems to add up to a strategy to undermine the i.t sector. btw, modi basically asked asian development bank to frak off some time back in gujarat. time for a repeat with world bank.
today I read that factories in India are slashing production and jobs.
our economy is suppose to be less dependent on exports and west. so why is our economy getting screwed by the global recession. at the end are we no different from China.
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