Amul Dairy MD resigns after Rs 450 crore scam allegations

Tuesday, April 3rd, 2018, 12:11:22 PM IST

Amul Dairy is one of the most recognized and widely used dairy products brands in India. With its headquarters in Gujarat, the company delivers its products across the nation, thanks to their immense popularity.

However, the latest news is that the Managing Director of Amul Dairy, K Rathnam has resigned after Rs 450 crore scam allegations. This news is currently the talk of the town as many big name personalities are being involved in financial scams in various fields. Vijay Mallya and Nirav Modi are a perfect example of the same.

Interestingly, the company is claiming that Rathnam resigned for his personal reasons. The company claimed that Rathnam wants to spend some time with his family and that is the main reason for his resignation. He is intending to start a company on his own, claim other reports.

All in all, many reputed companies are facing financial scam allegations and these cases are growing at an alarming rate. The government should implement stricter rules and regulations in order to eradicate corruption. Will that be possible in our country? That is a million dollar question.