VV Minerals is into beach mineral mining industry for over two decades and are one of the highest exporters of such minerals. Recently, they were accused of a thorium scandal worth 96K crore which lead to the government putting a ban on the company’s activities following which there was a probe into the matter. The investigations also led to the CBI raiding Vaikundarajan’s office premises for further proof against them. However, surprisingly there was no proof found which would lead CBI to establish the fact that VV Minerals had committed any scam.
Soon the case was closed by the Supreme Court as they delivered the right judgment and clearing off all charges levied against them. The heavy mineral mining business is a great opportunity for India to help it develop in the mining sector. It also provides great aide to the financial system as exports are involved. VV Minerals is doing just the same and that too strictly abiding by the rules and regulations of the government. This was also revealed in the CBI report as after they conducted the raid they found all the documents and paperwork which showed that VV Minerals carries out its business lawfully.