Satyam Computer Services, the software exporter facing fraud allegations, is reassuring soccer's governing body that the company can continue its role in the 2010 World Cup, a company executive said.
Satyam Computer Services, the software exporter facing fraud allegations, is reassuring soccer's governing body that the company can continue its role in the 2010 World Cup, a company executive said.
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Dilbagh Gill, Satyam's head of sport, spent two days in Zurich this week with FIFA officials, Sridhar Maturi, who runs sports marketing at Satyam, said in an interview today.
Satyam, which in November was named as the first Indian company to sponsor a World Cup and meant to be FIFA's official information technology provider until 2014, has lost 89 per cent of its market value since founder Ramalinga Raju said on January 7 that hed fabricated $1 billion in cash and assets.
The soccer organisation is monitoring the situation related to Satyam, a company which provides services of technical support to FIFA, according to a FIFA statement.
At this stage and until we have more information, it is too early for FIFA to make any further comments on the matter. Maturi said Satyam's work for FIFA, which includes devising the operating software for online ticket sales, has been uninterrupted by the alleged fraud and the subsequent removal of the company's board.
"We have shared the developments at our end with FIFA and we will keep them up to date with our work here," he said. Satyam is India's fourth-largest software exporter, with offices in the US, the UK, Brazil and Australia.
Its something thats happened and is unfortunate, Maturi said. On the ground level weve not been affected, everything is intact.
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