Satyam loses Aussie chief

The chief of the Australian division of troubled IT services giant Satyam Computer Services has reportedly resigned.

in brief The chief of the Australian division of troubled IT services giant Satyam Computer Services has reportedly resigned.

The AustralianIT reported this afternoon that the company's country managing director Deepak Nangia, had left Satyam about three weeks ago to pursue other opportunities. Neither Nangia nor Satyam spokespeople immediately returned calls to verify the report.

The news is just the latest blow to hit the company, which went into a financial meltdown in early January when it became embroiled in an accounting scandal because its former global chairman B. Ramalinga Raju was revealed to have inflated cash and bank balances by US$1.04 billion.