Tvind Alert

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Bahia Farming Ltd

Believed to be set up expressly to transfer money to Brazil for the purchase of Fazenda Jatoba

Parent company:  Fairbank, Cooper and Lyle

Subsidiaries:      Brazilian companies that own and run Fazenda Jatoba ranch

Executives:  Thomas Vaeth, Elly Jensen

The purchase of Shell's Floryl plantation six years ago was finalised after long negotiations, and according to the contract the main product was to be wood cellulose.   The Tvind spokesman Michael Norling, now leader of the American-Canadian sister organisation Planet Aid, had inspected the forest several times and when the sales contract was written it was mainly in the name of Floresta Atlantica (Brazil) Ltd.   The owner was Tropical Farming, based in the tax haven Cayman Islands.     Florestica Atlantica then became Fazenda Floresta Jatobà, which has now become Floryl Florestadora YPA S/A.    That's the same name it had when owned by Shell.    But today's owners are Tvind and UFF's shadow company in the British tax haven of Jersey, Bahia Farming Ltd and Lyle Enterprise.      Executives are Thomas Vaeth and Elly Jensen.    Vaeth has also been involved in land deals in Belize and Ecuador via Cayman Island-based Tvind companies.

[Dagens Nyheter]