Swedish tycoon defends interest in Amazon

0 Comments | AFP, June, 2008

SAO PAULO (AFP) — Johan Eliasch, a London-based Swedish tycoon who is in legal hot water with Brazil over logging on land he owns in the Amazon forest, on Wednesday defended his environmental credentials in a statement published by the Folha de Sao Paulo newspaper.

In the article, Eliasch, the 46-year-old boss of the Head sports company and an environmental advisor to British Prime Minister Gordon Brown, did not address a 275-million-dollar fine Brazil has levied against one of his companies for allegedly illegally cutting down 230,000 trees and lacking certification for Amazon land it owns.

A source close to him in London told AFP on Saturday that the allegations are false and related to decisions made by the company, Gethal, before Eliasch bought it in 2005....

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