Dhaka, Feb. 11 -- Milk Vita, the largest milk-producing company in the country, is now reportedly on the verge of collapse due to extensive corruption and irregularities allegedly committed by its former Chairman, Sheikh Nadir Hossain Lipu.

It has been alleged that Lipu embezzled crores of taka from the company by leveraging the power of the recently ousted autocratic Awami League government.

His dominance within the organisation reportedly silenced dissent, with no one daring to challenge his actions.

As a result, Milk Vita, the country's largest liquid milk-producing and marketing company - and a cooperative organisation under the Bangladesh Milk Producers Co-operative Union Limited - now faces numerous challenges and is struggling t...