A company belonging to a Swedish businessman has been fined $275 million for illegally cutting down Amazon rainforest.
A Swedish millionare Johan Eliash, who purchased 400 000 acres (1,600 km2) in the heart of the Amazon rainforest near the Madeira River, has been recently fined for illegal Amazon logging. He bought the property from a logging company for only 14 million U.S. dollars in 2005.
Interesting, in the moment of property transaction, Mr. Eliash claimed that this purchase is for the sole purpose of its preservation.
The Brazilian government’s environmental agency Ibama said it levied the 450 million reals (275 million dollars) in punishment on the Gethal company owned by Johan Eliasch for cutting down 230,000 trees and lacking certification for Amazon land it owns.
One way to stop illegal logging is to make private ownership powerful. Here you can find an inspiring example how it should be done:
Photo: Credit to Illegal Logging Portal