Amul Dairy MD quits amid allegations of â¹450-crore fraud
K Rathnam has stepped down as the MD of the Kaira District Co-operative Milk Producers' Union, popularly known as Amul Dairy, amid allegations of â¹450-crore corruption. It is one of the 18 milk unions that form the federation which markets milk products under the "Amul" brand. However, the federation's Chairman Ramsinh Parmar said Rathnam quit because of family reasons. 