IT dept raids around 90 places in Tamil Nadu

Chennai, Oct 25: The Income Tax (IT) department on Thursday (October 25) reportedly carried out searches at around 90 places linked to four companies - VV Minerals, Beach Minerals, Industrial Mineral Company and Indian Ocean Garnets Company.

It was earlier reported that the Income Tax (IT) department was conducting raids at around 100 locations linked to VV Minerals and its owner S. Vaikundarajan. The latest report says that raids are being conducted at locations linked to three other companies also.

In Chennai, raids were being carried out at Egmore, Thivanamayur and Guindy areas, among others. Raids are also underway at Tuticorin and Thirunalvelli.

Vaikundarajan is said to be well politically connected.

58-year-old S. Vaikundarajan is the founder chairman of VV Mineral, the country's largest miner and exporter of rare earth minerals.