Monday, 23 November 2015

All Activities Within Legal Boundaries, Says VV Minerals India
S Vaikundarajan founded VV Minerals India in late 1980s. Being a simple man of simple tastes, there is little information on him and his family.

However, recently he has been in the news for allegations of illegal beach sand mining. Ashwin Kumar, IAS officer from Tuticorin and V Sundaram, an ex-IAS officer are the two civil servants who have raised allegations against him and his company. After stating his ire in media, the former received transfer orders which were blamed as an act by VV Mineral Vaikundarajan himself. 

VV Minerals India has dismissed all allegations and urged that the investigating team will soon come up with a report in his favor.

VV Mineral Vaikundarajan is often seen in white shirt and dhoti by locals. VV Minerals is the first private company to win a license to mine minerals and export them. The company has won several national awards for its contribution to the export business.

As of now, the National Green Tribunal has banned sand mining in coastal areas. Following the ban, the government has set up an investigating team to look into the issue. VV Mineral loyalists have maintained their support for the company.

VV Mineral Vaikundarajan himself has openly offered his support to the investigating committee.

Thursday, 5 November 2015

VVMineral Vaikundarajan Denies All Allegations Against VV Mineral

VV Minerals, a sand beach mining company was founded by S.Vaikundarajan back in 1989. The company has been running under his tutelage and grown into a profitable entity.

Since its inception VV Minerals has bagged several national awards for its contribution to the export business. It is also known to be the first company to export ilmenite along with zircon, garnet and rutile.

The founder of the company is known to most a media shy person and prefers to maintain a low-key profile. This is one of the reasons that his photos are not easily found on public domains.

VV Minerals has been under scrutiny for illegal beach mining. VV mineral Vaikundarajan has also been accused of having powerful political influence and several allegations have surfaced without supporting evidence.

District Attorney Ashwin Kumar and ex-IAS officer V Sundaram have been vocal in their allegations. In the letter written by the latter, VV Mineral Vaiundarajan is accused of looting Rs. 96,000 crore.

VV Mineral however, has denied all the allegations against them and deemed it as a conspiracy by rival businesses to slander his company.

In the wake of these allegations, the state government has set up an investigating committee. However, the team has found no evidence to suggest illegal activity on the company’s side.

VV Mineral Vaikundarajan is known to many as a man of simple taste who wears a white shirt and dhoti. The company operates out of Tisayanvilai, a town 65 km from Tirunelveli city in south Tamil Nadu. It is also a public knowledge that S. Vaikundarajan owns shares in Mavis Satcom that has stakes in Jaya TV and stocks in Tamil Nadu Mercantile Bank (TMB). However, this knowledge has been used unfairly by peers to coerce S.Vaikundarajan.

As of now, the National Green Tribunal has suspended sand mining activities in coastal areas. VV Mineral Vaikundarajan stays optimistic and states that his enterprise will soon walk clean.