S. Vaikundarajan Not Involved In Any Scam Of One Lakh Crore In Tamil Nadu

S. Vaikundarajan Not Involved In Any Scam Of One Lakh Crore In Tamil Nadu

The present scenario in India is very sorry because of innumerable scam reports coming up from here and there which is leading the public to disregard all those who are accused of the scams irrespective of whether or not they have committed it. Scams are not a very positive issue for the economy or the country but the fact remains that an accused is not guilty until proved so. Such was the case for a private company VV Minerals who were based in Tamil Nadu and were alleged of something they didn’t get into. VV Minerals were accused of committing a scam of one lakh crore of in the heavy mineral mining industry.

VV Minerals India which is a company who is into heavy mineral mining business and also exports of minerals. They practice their business on the coast of Tamil Nadu that is endowed with rich minerals like ilmenite, rutile, garnet, zircon, monazite and sillimanite.

Being the highest exporter VV Minerals, Vaikundarajan was put under the scanner for illegal export of minerals. It was easily believed also by many that VV Minerals must have carried out such activities. However, as the news came out an investigation was carried out by the government officials who later clarified that all these reports were rubbish and that S. Vaikundarajan was not involved in any such case.

S. Vaikundarajan has a very good image among his people because of his good deeds and the way he fulfills his social responsibility. VV Minerals also fulfills its social responsibilities even after being a private company. Their CSR initiatives involve health and awareness camps for their employees and also people of the nearby villages. Initiatives like helping deserving students to acquire knowledge they cannot afford, for which VV Group has established VV College of Engineering. Always helping the society and conducting fair trade has been the motto for VV Minerals, Vaikundarajan. S. Vaikundarajan doing such a deed and getting to such a big scam is unimaginable. From the very beginning it was very evident that this allegation was forced on them out of sheer jealousy.

VV Minerals has been into this business for over years now without any such news of any scandal. After the news of this scam came up a ban had been put up on VV Minerals from carrying out its mining activities. This again had a negative impact on the company’s image and also the Indian economy at the same time because VV Minerals was one of the major players in the heavy mineral mining business. The company’s image was maligned because of such an incident but however, restored after the government authorities testified VV Minerals innocence.

It is next to impossible to conduct a business without proper licensing and clearances. S. Vaikundarajan also did acquire the necessary statutory clearances and then got into the business.

In recent times when the rules and regulations have become so strict and stringent that government officials keep a direct check on such private companies and their activities. S. Vaikundarajan has always and will continue to follow his ethics when it comes to business and now it has also been made public after he came out clean from this particular case.

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