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Article

26 May 2016

Author:
Environmental Investigation Agency

“LSE Financing Illegal Deforestation in Peru via AIM-listed United Cacao Ltd. SEZC”

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In a briefing by the Environmental Investigation Agency, evidence reveals that United Cacao Limited SEZC, traded on the London Stock Exchange’s Alternative Investment Market (AIM), financed over 11,100 hectares of illegal deforestation in the Peruvian Amazon, by way of United Cacao's direct subsidiary, Cacao del Peru Norte, and two related companies, Plantaciones de Pucallpa and Plantaciones de Ucayali…EIA analysis of primary source documents from Peruvian government entities, photos, and satellite images reveals that the activities and statements of AIM-listed United Cacao Ltd. are misleading and misrepresent the Group’s activities, in violation of AIM rules and regulations. The evidence and analysis presented by EIA sets the record straight about this networks of companies’ impact on human rights, tropical rainforests, the global climate, and rule of law.