Satyam appoints new boss for ANZ
1 Jun 2009, 1142 Hrs

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Melbourne, Jun.1 Satyam Computers has appointed Venki Prathivadi as country manager for Satyam Australia and New Zealand (ANZ) replacing Deepak Nangia.

The India based IT company has also appointed former chief information officer Vijay Prasad as principal advisor to the ANZ region to enable it to find its feet in the area after the set back in January following the revelation of a massive fraud.

It was learnt that the co company's founder and chairman, B. Ramalinga Raju had over-inflated the value of its cash and bank balances by more than one billion US dollars.

Since the revelation of the fraud, number of Satyam's local customers including Telstra and National Australia Bank had cancelled its contracts or reduced their involvement with the company.

Australian software major Telstra had dumped the scandal-ridden outsourcing partner Satyam from an applications support contract believed to be worth 32 million dollars a year.

Prathivadi has been with Satyam since 2003 and worked as the account director on the now-terminated Telstra contract. (ANI)

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