The owner of VV Mineral, S Vaikundarajan, says that being accused of a 96,000 crore (Indian rupees) thorium scam is absurd, as the company has no record of such transactions and the allegations appear to be half-baked and misinterpreted. While VV Mineral will legally challenge these baseless charges in court, the large sum resembles the total debt of the state of Tamil Nadu, fueling suspicions that the accusations target the UPA government rather than the company itself. S Vaikundarajan believes VV Mineral will be cleared of any wrongdoing, seeing the allegations as efforts of industry rivals to undermine the company.