Monday, 7 July 2014

S. Vaikundarajan Not Under Scanner Any More For Illegal Mining Scam

Mr. S. Vaikundarajan, chairman of VV Minerals which was under scanner for illegal mining to the tune of Rs 96 crore is now declared innocent.

Recently there have been a couple of reports that are inferring that the mining ban implemented in Tamil Nadu for heavy mineral mining may be uplifted in the next month. The ban was put into action last year in August when there were allegations put up against certain private heavy mineral mining companies for mining of wrong minerals.

VV Minerals accused in the illegal sand mining is proven innocent.  Mr. S. Vaikundarajan, the owner of VV Minerals, India, was alleged in a beach mineral mining scam in August last year. However, after a detailed investigation by the Indian Bureau of Mines which is a part of the Ministry of Mines it was found that VV Minerals the largest mining manufacturer and exporter of garnet and ilmenite were innocent. The company’s top management includes Mr. Jegatheesan, Mr. J Muthurajan, and Mr. V Subramanian.

No comments:

Post a Comment