VV Mineral India which was started and run S Vaikundarajan in the state of Tamil Nadu has been brought under the scanner by the state and central government for alleged claim of illegal beach sand mining. The company and the owner have challenged the said claim the High Court and are awaiting a positive outcome.
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VV Mineral Has Been Falsely Accused Of Illegal Beach Sand Mining
1. VV Mineral Has Been Falsely Accused Of Illegal
Beach Sand Mining
VV Mineral India which was started and run S
Vaikundarajan in the state of Tamil Nadu has been
brought under the scanner by the state and central
government for alleged claim of illegal beach sand
mining. The company and the owner have challenged
the said claim the High Court and are awaiting a
positive outcome.
2. VV Mineral has been an active exporter of heavy
minerals in the state of Tamil Nadu for over 20 years
and has recently been brought under the scanner.
The news of an alleged illegal beach sand mining scam
broke out through a local collector from Tuticorin. In
addition to the scam VV Mineral is being aligned with
many other baseless blames.
The company has been a constant source of excellent
revenue for the state of Tamil Nadu and some are
beginning to believe that the company is caught
between a much bigger political cross-fire.
However, no level of theorizing will help VV Mineral
recover lost time and fame. Vaikundarajan built the
brand from scratch and has now fallen from its
forerunning position.
The company claims that this is an act of revenge by
rivals who could be at par with the VV Mineral business
and reach.
3. Thus, in a desperate attempt to take out the heavy
mineral mining industry king, VV Mineral has been
cleverly yet unfairly framed for the alleged thorium
scam.
The amount of Rs. 96,000 crore sounds utmost absurd
and finds no roots in actual financial future projections
of the minerals that VV Minerals works with.
VV Mineral has been given a clean chit and the
Department of Atomic energy confirmed that they do
not have the mean to extract and export thorium.
The fact that VV Mineral continues to be pulled up for
the alleged scam shows that there is essential grounds
to claim foul play on part of the company’s rivals.