...
...
Next Story

Amul Dairy MD resigns amid corruption allegations, board refutes charges

While K Rathnam’s resignation comes amid allegations of a ₹450-crore corruption in allocation of tenders and recruitment at the dairy, Parmar refuted the charges, and also said he stepped down not over these allegations, but because of family reasons.

Updated on: Apr 1, 2018, 23:36:23 IST
Press Trust of India, Anand | By
Prefer HTon Google
Advertisement

The managing-director of Anand-based Kaira District Co-operative Milk Producers Union Limited, popularly called Amul Dairy, has resigned and his resignation was accepted in a board meeting on Saturday, the milk cooperative’s chairman Ramsinh Parmar said.

A statement issued by the Amul Dairy said Jayen Mehta, senior general manager (planning and marketing), has been appointed as in charge MD of Kaira Milk Union. (HT File Photo)
A statement issued by the Amul Dairy said Jayen Mehta, senior general manager (planning and marketing), has been appointed as in charge MD of Kaira Milk Union. (HT File Photo)

While K Rathnam’s resignation comes amidst allegations of a 450-crore corruption in allocation of tenders and recruitment at the dairy, Parmar refuted the charges, and also said he stepped down not over these allegations, but because of family reasons.

A statement issued by the Amul Dairy said Jayen Mehta, senior general manager (planning and marketing), has been appointed as in charge MD of Kaira Milk Union.

The KDCMPUL is one of the 18 District Co-operative Milk Producers’ Unions federated to the Gujarat Co-operative Milk Marketing Federation Limited, Anand, which markets milk and milk products under the “Amul” and “Sagar” brand.

Rathnam, 55, said 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 sometime now.”

Parmar said that Ratnam served as the MD for four years and had been speaking about wanting to spend time with his wife and daughter who live in the US.

“Considering all this, I told him I have no objection if he wants to quit,” said Parmar.

The Amul Dairy statement also said Parmar refuted allegations of corruption as “perpetuated by rumour-mongers.”

“Parmar has informed that this (reports in a section of the media that Rathnam resigned as he has been found guilty of fraud) is far from truth and has been perpetuated by rumour-mongers,” the statement said.

 
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe