Swedish Tycoon in Legal Hot Water over Rainforest Logging. AFP, June 11, 2008. "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 PM 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... Eliasch, who is worth an estimated 790 million dollars and is co-founder of a British-based environmental organization called Cool Earth, wrote that he agreed with Brazilian government's handling of Amazon forest preservation. 'The Brazilian Amazon forest belongs to Brazil,' he wrote, echoing a statement by Brazilian President... da Silva, who has been angered by foreign criticism suggesting the Amazon was too important to mankind to be left to his government to protect."
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