Civil society organizations and Peru government institutions say United Cacao is operating illegally, but the company denies it

Two indigenous Shipibo men from Peru’s Amazon – Sedequías Ancón Chávez and Robert Guimaraes Vasquez – paid a rare visit to the London Stock Exchange (LSE) earlier this month. The reason? To present a letter addressed to Marcus Stuttard, Claire Dorrian and Umerah Akram from the LSE’s Alternative Investment Market (AIM) urging the AIM to investigate, suspend and bar a company called United Cacao Limited SEZC – as well as amend its rules and “exact more active oversight” in general.

“The nature of the crimes which the company stands accused are an important matter for AIM to address,” the letter states. “Allowing companies listed on AIM to raise capital to violate other countries’ national laws jeopardizes the “integrity and reputation” of the market, which is grounds for suspension of a company’s trading, according to AIM Rules.”

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Source: Guardian Environment