Rs. 96 Thousand Crores Is A Speculative Figure Not Reality S
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Rs. 96 Thousand Crores Is A Speculative Figure Not Reality Says VV Minerals India, Vaikundarajan
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S Vaikundarajan and his over 20 years old company came under the scanner after false claims made by a local collector of Tuticorin. After the alleged scam received media attention, the yet to be proven scam is being evaluated worth Rs. 96,000 crores which is a speculative number and not a basis for judgement. - PowerPoint PPT Presentation
Transcript of Rs. 96 Thousand Crores Is A Speculative Figure Not Reality S
Rs. 96 Thousand Crores Is A Speculative Figure Not
Reality Says VV Minerals India, Vaikundarajan
S Vaikundarajan set VV Minerals India operations in motion in 1989 and has since never looked back. His was the first ever mining company in India to have received permits for the export of minerals such as rutile, ilmenite, sillimanite and garnet.
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For 20 years VV Minerals India and S Vaikundarajan have conducted their business while remaining in the legal purview.
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However, in 2013 an IAS as a Collector of Tuticorin arrived at the gates of VV Mineral and demanded that he be allowed to inspect the premises despite the absence of a valid search warrant.
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On being refused entrance owing to the lack of the necessary paperwork, he raised an alarm in
suspicion of illegal mining activities.
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S Vaikundarajan and VV Minerals India suspect that it is their business rivals who are up to defaming the company and its legacy of forerunning progress in the mining industry.
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In order to put suspicions to rest the Central Government ordered a probe into the matter and the Department of Atomic Energy ran a thorough check of the VV Minerals India’s facilities and premises.
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Post which the company was declared in capable of extracting thorium which is the mineral in question for the alleged illegal beach mining scam
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Despite the DAE having cleared their name, VV Minerals India and S Vaikundarajan continue to be represented as mafia rather than respectable businessman.However, S Vaikundarajan is hopeful of coming out clean out of the mess.
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