IXR ionic rare earths limited

Here is some dirty laundry for you:"Being Indian is not a...

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    Here is some dirty laundry for you:

    "Being Indian is not a crime", but if you bothered to look at the Owners / Directors of LCM you will find that at least one of them is indeed a convicted criminal.

    LESS COMMON METALS LIMITED

    VAIKUNDARAJAN, Subramanian

    Correspondence address
    Unit 2, Hooton Park, North Road, Ellesmere Port, United Kingdom, CH65 1BL
    Role ACTIVE
    Director
    Date of birth
    June 1982
    Appointed on
    11 December 2015
    Nationality
    Indian
    Country of residence
    India
    Occupation
    Director

    OnS.Vaikundarajan


    ASpecial CBI court on Monday sentenced S Vaikundarajan, managingpartner of Chennai-based VV Minerals, to three years imprisonment,one Subbulakshmi to three years and the then Deputy Director with theMinistry of Environment and Forests (MoEF), Neeraj Khatri, to fiveyears’ imprisonment in a corruption case.


    Theinvestigating agency claimed, Neeraj Khatri favoured V.V. Minerals byforwarding its letter and application dated October 15, 2012, to theSecretary of the MoEFCC, along with a form and a pre-feasibilityreport, seeking `Terms of Reference’ for environmental clearance ofthe firm’s SEZ project.

    Theapplication was submitted in the Ministry’s central registry andmarked to Impact Assessment (IA)-III division, and an acknowledgementreceipt was issued. A copy of the acknowledgement, the CBI alleged,was submitted by the company to IA-II section, where Neeraj Khatriwas in charge, instead of IA-III Division, which was legallyempowered to handle the application of such projects.

    NeerajKhatri endorsed the acknowledgement with a note saying that theproject had “to be considered urgent” in the next “ExpertAppraisal Committee (EAC) meeting in November”. The firm hadreceived the Coastal Regulation Zone (CRZ) clearance for operationsfor the project in 2005-06. In May 2012, the Industries (MIE2)Department in Chennai recommended to the Commerce Ministry the grantof “formal approval” for the SEZ. The project proposal wasapproved by the Commerce Ministry on July 6, 2012.

    Source:

    https://frontline.thehindu.com/dispatches/s-vaikundarajan-of-vv-minerals-sentenced-to-three-years-in-prison-moefcc-official-to-five-years-in-sez-project-bribery-case/article33912963.ece

 
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