On Monday, it was revealed by World Bank that action against a total of five entities in India, including Wipro Technologies, and an individual has been taken. This comes in the scene when the controversy involving Satyam's debarment has also not vanished completely.

Besides offering improper benefits to Bank staff, these entities and individual were also found to have violated the fraud and corruption provisions of the Procurement Guidelines or the Consultant Guidelines. So the action against them was taken by the World Bank authorities.

The name of the entities that upset the World Bank, are Megasoft, which became the third Indian software vendor to have attracted the Bank's ire, while Nestor Pharmaceuticals and Gap International were non-IT entities.

Furthermore, a man named Surendra Singh was also barred from doing business with the Bank for violating guidelines.

The bank has earlier barred Wipro for four years beginning June 2007 for providing improper benefits to Bank staff. Now ,Megasoft has also been barred for a similar period beginning December 2007 for participating in a JV with Bank staff while also conducting business with the Bank.

"The bank has decided to make public the names of all the companies that have been debarred from receiving direct contracts from the Bank group under its corporate procurement programme," said World Bank in a statement late last night.

"Our inability to get future business from World Bank will not adversely affect our business and results of operations," said Wipro, while commenting on the World Bank action.

Furthermore, it was also said by Megasoft officials, "The debarment will not have any revenue implication for the company."