VV Minerals, a mining company founded in the 1980s, has faced allegations of illegal beach mining but claims it will be cleared of all accusations. While a district collector initially raised concerns about the company's involvement in a scam, an investigation found no evidence and the collector was transferred. VV Minerals denies the allegations and accuses rivals of conspiring against the company. The company's director asserts that their hands are clean and they will soon be cleared of all allegations.
Will Soon Be Cleared Of All Allegations Says VV Minerals
1. Will Soon Be Cleared Of All
Allegations Says VV Minerals
2. VV Minerals, founded in late 1980s by S Vaikundarajan, is
known to be the highest producer of minerals such as Garnet
and Ilmenite. However, a lot of speculation surrounding the
company’s involvement in illegal beach mining has surfaced.
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3. The company has taken legal advice against such baseless
allegations and rumours. No evidence has yet been submitted in
the court that could confirm the company’s involvement in scam.
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4. District Collector Ashish Kumar of Tuticorin was one of the
first people to raise his voice against the company. However,
when no evidence was found, the District Collector had to face
a transfer. Yet again, Vaikundarajan was blamed to have used
his political influence in Kumar’s transfer.
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5. VV Minerals’ spokesperson, speaking to NDTV, denied these
allegations and claimed that the "charges made by the former
District Collector are baseless, motivated and vague."
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6. Being the most trusted exporter of minerals like Garnet and
Ilmenite, VV Minerals has enjoyed 100% monopoly in mining
activities and has a giant share for exporting Garnet.
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7. Former IAS officer V Sundaram accused the company of
looting the government of several crore rupees in his letter
written to the state. However, VV Mineral’s Director, V
Subramanian was quick to dismiss the allegation as a
conspiracy by business rivals.
“Sundaram is passing this as a cruel joke. He is on the payroll of
our business rival... Our hands are clean. We will soon be cleared
of all allegations," Ravindram Duraiswami, advocate for VV
Minerals told NDTV.
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