Anil Kumar Senior VP at Satyam sacked

HYDERABAD/NEW DELHI: Anil Kumar, senior vice president at tainted Satyam Computer Services, has stepped down following a directive from the new

The Great Fall of Satyam Satyam: Full Coverage The crux of the scam in Satyam Top Accounting scandals Five facts about Satyam

Board.

Based in the US, Kumar was reporting directly to Ram Maynampatti, former interim chief executive officer of the beleaguered software firm.

He was handling the banking finance and insurance vertical (BFSI) which contributes to over 20% ($ 500 million) of Satyam's revenues.

"The new board has asked Kumar to step down though the reasons are still not clear ", said a source privy to the development.

He is the first member of Satyam's Leadership Council to be sacked, after its disgraced founder B firm B Ramalinga Raju confessed to perpetrating a Rs 7,000 crore financial fraud.

Late last week, Subu D. Subramanian, a senior vice president and the global head of manufacturing and automotives vertical put in his papers, citing personal reasons.

The exits come at a time when firm is struggling to retain clients and some of its key associates. The accounts of Satyam, which is set to be taken over by a strategic investor, are being re-stated now.