Thorium Scam PowerPoint PPT Presentations

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News about a thorium scam has been doing the rounds these days and VV minerals being accused of it. However, after an investigation into the matter it was proved that VV Minerals and company owner S. Vaikundarajan is not guilty and this case has been unnecessarily hyped.

VV Minerals India came under the scanner after being allegedly held responsible for a thorium scam that supposedly was exposed by a local Turicorin collector.

A scam surrounding illegal beach mining activity has recently come to light. Being the largest producer of garnet and ilmenite, VV Mineral Mining has by default found itself in the midst of this controversy. VV Mineral Vaikundarajan, founder, said in an interview, “The mineral rich sand is getting washed away from the Indian coastline in the absence of mining, and as a result, Sri Lanka, located further down, is reaping rich benefits at the cost of Indian industry.” The rising water-level due to global warming is already causing a lot of problems all over the world, and with the water moving in on the shores, India might be losing a lot of mineral reserve. If action is delayed, India will lose its Thorium-rich status.

The following presentation gives details about the truth behind illegal heavy mineral mining in Tamil Nadu which has been discussed highly in the last few years. VV Minerals, the leading heavy mineral mining company in Tamil Nadu has been wrongly accused in this scam. To find out more please watch the presentation below:

World Nuclear Association (WNA), a global body of nuclear industry, reported that India hosts up to 3,00,000 tonnes of Thorium deposit. Unfortunately, the beach minerals in India have seen a significant decline in the last few years. Going by the reports, close to 2,00,000 tonnes of Thorium Oxide stands missing in India. Additionally, monazite quantity along the Indian coastline has seen a decrease by more than 2.1 million tonnes. It is a known fact that VV Minerals India is one of the largest producer of Garnet an Ilmenite. When the reports of missing Thorium Oxide were circulated, naturally, fingers were pointed at one of the biggest exporters in India. The company finds itself surrounded by allegations concerning illegal beach sand mining as stakeholders scrutinize a possible scam.

VV Mineral Vaikundarajan is a mining industry veteran and a businessman to land the first ever commercial mining license back in the 1980’s when he started VV Mineral. VV Minerals India is now over 20 years old and is commonly known as the forerunner of the mining industry in Tamil Nadu. However, the recent allegation pertaining to a suspected beach sand mining scam has brought VV Mineral Vaikundarajan under the scanner.

As per some reports, the thorium deposit on the coasts of Tamil Nadu and Kerala have seen depletion over the last few years. The two states are well-known for being world’s largest reserves of Thorium. The reason for this depletion has been cited as one of the biggest illegal beach mining scam by some companies. However, evidence confirming the same are missing from the scene.

A thorium scam was brought to fore and forgotten. However, many aspects that have been defined and made public knowledge are questionable. Some of those aspects being the crores of rupees claimed to be missing, the missing monazite and other rare minerals. Over and above the volume of the alleged illegal export seems a little too colossal.

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The world’s largest reserve of Thorium can be found on the coasts of Tamil Nadu and Kerala. If the current reports are anything to go by, the Thorium deposits on Indian shores have seen a considerable decline. While the reason could be erosion, illegal export of minerals has been cited as the major problem behind this depletion. For a long time, VV Minerals has been the highest stakeholder of the mining business in these areas. While there is no evidence to justify illegal actions on behalf of the company, the scam has already done a considerable amount of damage to its reputation.

The allegations were further aggravated when V Sundaram, the first district collector of Tirunelveli, sent a letter to the Chief Secretary of Tamil Nadu. The letter targeted VV Mineral and accused it of amassing several crore rupees through illegal sand beach mining. The director of VV Mineral Mining, V Subramanian, dismissed all the allegations as a conspiracy theory against the company. “Sundaram is passing this as a cruel joke. He is on the payroll of our business rival... Our hands are clear. We will come out clear from these allegations. Our records are straight,” Ravindram Duraiswami, advocate for VV Mineral told NDTV.

VV Minerals India which had deftly filed a complaint against erring authorities is finally starting to see the light at the end of the tunnel. As per a recent ruling by the High Court of Tamil Nadu, VV Minerals along with another mining company has been acquitted of charges and has additionally ruled a renewed probe in favour of the mining companies.

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VV Minerals India is continually fighting the battle to prove their innocence. Other than stating the obvious reasons that acquit them from the alleged scam; Vaikundarajan and VV Minerals now need to be conservative about what is being said about them in the media by and large. Thus, they begin with bringing to notice the absolute absurdity of the scam amount which is pegged at Rs. 96,000 crore as of now.

VV Minerals a Tamil Nadu based mining company has been accused for conducting illegal activities in their business. Still the company stands stern to fight back the allegations put on them and proudly states that they aren't GUILTY.

When the Thorium Scam first made the headlines, many firms were raided in Tamil Nadu. One of these firms, was VV Mineral Mining. This raid made lot of controversy and the collector of Tuticorin in Tamil Nadu was transfered. Many blamed UPA government for his transfer. However, VV Minerals were never a part of any 48 lack crore scam and no evidence of illegal beach mining was found in this raid.

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Aam Aadmi Party has accused VV Minerals of having relations with J. Jayalalithaa and V.K.Sasikala and that they have helped S. Vaikundarajan to come out of the thorium scam. However, these are all rumors as VV Minerals has was not involved in any scam and has not bribed anybody.

S Vaikundarajan and his over 20 years old company came under the scanner after false claims made by a local collector of Tuticorin. After the alleged scam received media attention, the yet to be proven scam is being evaluated worth Rs. 96,000 crores which is a speculative number and not a basis for judgement.

VV Minerals India is vastly known for extracting and exporting garnet and ilmenite to over 20 countries. The company had admitted that it could no separate thorium from monazite to the lack of technology. This was also confirmed later by Atomic Energy Regulatory Board (AERB). Despite all these confirmations, former principal scientist at Central Marine Fisheries Research Institute in Kochi raised his concerns by stating, “Indian Rare Earth Ltd (IREL), Manavalakurichi, uses the sand from the same area and produces thorium, so what happens to the monazite in the VV mines?

The Tamilnadu Police carried out a raid at the Tirunelveli district factory and office premises of S Vaikundarajan, in association with the alleged charges of illegal beach mining of atomic particles like monosite and thorium. Vaikundarajan is the Managing Director and owner of VV Minerals.

S. Vaikundarajan, founder and managing director of V. V. Minerals, has been under scrutiny since the start of the alleged case of illegal export of thorium-rich sand to foreign countries that V. V. Minerals has been facing. The office premises of S. Vaikundarajan at Keeraikaaranthattu near Thisaiyanvilai were raided by the police in the same context.

VV Minerals India has found itself at the centre of beach sand mining scam. Much has been covered by the media, tarnishing the image of a reputed company and its founder. The media has been indifferent to several developments that have been ruled in favour of National Award winning company.

VV Minerals India is a company run by the simple and down-to-earth owner S Vaikundarajan. He has recently been slammed with various claims, one of them being the alleged illegal mining and export of thorium to other countries. The total alleged ware is being priced at Rs. 96,000 crore.

The company has taken legal advice against such baseless allegations and rumours. No evidence has yet been submitted in the court that could confirm the company’s involvement in scam. District Collector Ashish Kumar of Tuticorin was one of the first people to raise his voice against the company. However, when no evidence was found, the District Collector had to face a transfer. Yet again, Vaikundarajan was blamed to have used his political influence in Kumar’s transfer.

VV Minerals India has made a name for itself in the sand mining industry. It has won several national awards for its contribution to the export business. It is also the largest manufacturer and exporter of Garnet and Ilmenite in India. The company was established by VV mineral Vaikundarajan in the late 1980s and has grown under his tutelage. However, the recent scam surrounding illegal beach sand mining has put the company’s reputation at stake.

Vaikundarajan is a man of honour, humility and few words. He has recently been brought under the scanner regarding an alleged illegal beach sand mining scam as told by a local collector of Tuticorin. Even though the collector was expressly moved, the allegations continue to haunt Vaikundarajan and his mining company VV Minerals India

VV Minerals, privately owned by Mr. S. Vaikundarajan which was allegedly involved in thorium and illegal sand mining has been given the green chit from central government and proven innocent. To find out more, please watch the presentation.

The following presentation gives information about the various news articles circling around on the internet about the illegal beach mining in Tamil Nadu. Some of them are old and have wrong facts, while some are updated with the latest developments in the case and contain the real facts. The private heavy mineral mining company VV Minerals, India, owned by Mr. S. Vaikundarajan is given a green chit by the Central Government long ago, yet these old news articles make it all confusing. Hence, watch further to find out the truth behind the illegal mining scam of Tamil Nadu.

The recent allegations of illegal sand beach mining has caused quite a stir in the export industry. The state government has set up an investigation team to look into the matter. One company to find itself in the midst of the controversy is VV Minerals. Founded by S Vaikundarajan in the late 1980s, VV Mineral Mining is one of the largest mining companies in the country. It is also known to be the largest producer and exporter of Garnet and Ilmenite.

VV Mineral a mineral mining company based in Tamil Nadu were strained on to close their mining sites. This ban would cause an adverse affect on 50,000 families and also create unemployment for many poor people living around mining zones.

VV Minerals is a mining company based in the state of Tamil Nadu. S Vaikundarajan is the whole and sole maker of this company who has brought up the company from scratch and has thus become the forerunner of the mining industry.

The following presentation contains information about the report presented by the Department of Geology and Mining and the Indian Bureau of Mines which states that VV Mineral is proven innocent in the illegal mining case. In a news article published on Business Standard on October 28, 2013, the claims on the VV Minerals, were dismissed. It also provided information about their mining activities in India. They are the largest Ilmenite manufacturers and exporters in India. They are the first private ilmenite exporters of India. VV Minerals India has a huge market share in Europe, Middle East, East Asia, Australia and USA. They are based in Tamil Nadu and the company is owned by Mr. S. Vaikundarajan.

Illegal beach mining and illegal heavy mineral mining are serious concerns for any developing nation. However, in order to curb the activities the government must crack down on actual defaulters and not industry forerunners such as VV Minerals India, says Vaikundarajan.

The central government has raised a red flag and suspects that illegal heavy minerals mining activities are being carried out on the beaches of the coastal Indian states. They have even raised a red flag on sands from Gujarat and Rajasthan being exported illegally. However, without a clear classification of heavy mineral nothing can be proved.

VV Mineral, Vaikundarjan free from all allegations against them for illegal sand mining. They are the leading heavy mineral mining company in India and have a great reputation in the international market. Watch the presentation to find out more about the issue.

Since the company has reached the pinnacle of sand mining industry, VV Minerals has been facing too many allegations and rumours. As per our sources, the competitors are not taking the success of VV Minerals very well, says S Vaikundarajan, Director of the company.

An organization called Meenavar Viduthalai Iyakaam has lodged an FIR against companies for being involved in illegal beach mining. A petition to stop illegal activities was submitted at the District Police Office in Tuticorin district. The recent allegation of illegal beach sand mining has put several mining companies in a fix. The state government has suspended all illegal activities and set up an investigation team to look into the matter. These developments are causing financial losses to companies like VV Minerals and others.

An FIR has been lodged against entities alleged to be involved in illegal beach mining by an organization called Meenavar Viduthalai Iyakkam. The organization submitted a petition in the District Police Office in Tuticorin district seeking immediate action to stop illegal activities. Recently, there have been illegal sand mining allegations against VV Minerals India, the largest beach sand mining company in the country.

Members of the Fishermen United Front, Tuticorin, have sought a CBI enquiry into the illegal beach sand mining to restrain the illegal activity. Members of the Fishermen United Front, Tuticorin, have sought a CBI enquiry into the illegal beach sand mining to restrain the illegal activity.

Under his tutelage, the company has grown many-fold. However, recently the company has found itself surrounded in a controversy. VV Minerals has been accused of illegal sand mining while concerns have been raised against Vaikundarajan for using his political connections to influence the system. District Attorney Ashwin Kumar and ex-IAS officer V Sundaram have been vocal in their allegations. In the letter written by the latter, Vaiundarajan is accused of looting Rs. 96,000 crore.

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