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Amul Dairy MD resigns amid corruption allegations

02-April-2018
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Amul Dairy MD resigns amid corruption allegations

Managing Director of Anand-based Amul Dairy K Rathnam has resigned.  The resignation has been accepted in a board meeting, said media reports quoting the Milk Cooperative's Chairman Ramsinh Parmar.

Rathnam's resignation came amid allegations of a Rs 450-crore corruption in allocation of tenders and recruitment at Amul Dairy, also known as Kaira District Co-operative Milk Producers Union Limited (KDCMPUL).

However, Parmar, according to reports, said that Rathnam has resigned due to personal reasons and it has nothing to do with the alleged corruption.

A statement issued by Amul Dairy said Jayen Mehta, Senior General Manager (planning and marketing), has been appointed as in-charge MD of Amul Dairy.

The statement mentioned that Parmar has refuted allegations of corruption as "perpetuated by rumour-mongers."

Rathnam (55) reportedly told reporters that he resigned as he wanted to spend time with family living in Tamil Nadu and the United States.

"I have been thinking of resigning for some time now," he was quoted as saying in some reports.

"I have worked for Amul for 22 years, and want to do something for myself in the next 10-15 years. I want to spend time with family members residing in the US and Tamil Nadu," he reportedly said.

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