EW DELHI: Country's fourth-largest software exporter Satyam Computers on Monday

said it was not black-listed by the World Bank from bidding
for offshore contracts.

Debunking reports that the World Bank has prevented it from bidding on offshore contracts due to its involvement in computer intrusions, the company said in a statement, "the story that claims Satyam was involved in alleged security breaches at the world Bank has no validity".

Quoting a World Bank statement Satyam said, "The Fox News story is wrong and is riddled with falsehoods and errors. The story cites misinformation from unattributed sources and leaked emails that are taken out of context."

"Like other public and private institutions, the World Bank has repeatedly experienced hacking attacks on its computer systems and is constantly updating its security to defeat these. But at no point has a hacking attack accessed sensitive information in the World Bank's Treasury, procurement, anti-corruption or human resources departments," Satyam added quoting the World Bank statement.

"Satyam takes this matter very seriously. We hold ourselves to the highest standards in the industry, and we take extraordinary care to develop secure networks and IT infrastructure for all our clients," a statement from Satyam said.