Recently, accusations have been pointed towards the company’s operations. Former IAS officer V Sundaram has openly accused the company of looting 96000 crores through illegal mining. However, there is no evidence to support the statement.
VV Mineral Vaikundarajan constantly finds himself pressurized under allegations of illegal sand mining and having strong political influence.
In the wake of these allegations, the state government has setup an investigating committee to look into these matters.
S.Vaikundarajan’s loyalists have come out strongly in support of the mining baron, ridiculing the business rivals for forging false allegations.
VV Mineral Vaikundarajan is based out of Tisayanvilai town in Tirunelveli district in south Tamil Nadu. Donning a simple white shirt and dhoti, he is known to keep out of media attention. This is one of the reasons that there are no photographs of him on public forums.
In August 2011, auditors of VV Minerals stated that the company had not commenced operations as on March 2010 – the latest period for which accounts were available.
VV Mineral Vaikundrajan maintains that these allegations are baseless. He further extends his support to the investigating team and assures that the result will be in his company’s favor.
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