Vaikundarajan‘s loyalists believe that business rivals have come up with such allegations in order to sabotage the well running business of VV Minerals. A retired IAS officer Mr. V Sundaram, appointed by Mr. Dayadevadas, the owner of a rival company was exposed in a sting operation which revealed that this whole situation was a pre planned event.
VV Minerals, India was doing highly well in the industry while the company owned by Mr. Dayadevadas was shut down due to illegal activity detected in his company premises. This led him to form a team of 6 people and frame VV Mineral in the scam.
He took help of two retired IAS officers, namely V Sundaram and Devasagayam and produced a false document stating VV Minerals was involved in illegal beach mining. Whereas, the company owned by Mr. Dayadevadas was shut down for stealing 39 lakh metric tons of sand from Tamil Nadu. The others involved in the conspiracy were Victor Rajamanikam and Ashish Kumar.