“Los Poderosos” is a Peruvian trading company that specializes in the buying and selling of gold in the Amazon Jungle and that is currently engaging in unethical practices.
To start with, the firm acquires gold that comes from illegal mining. In doing this, they are condoning and promoting socially undesirable behaviors, since unethical miners evade paying taxes and employee benefits, and contaminate this center of biodiversity.
Furthermore, “Los Poderosos” does not declare the whole of their transactions to the government. This is exemplified by the recent interventions from the police, who have caught representatives from this firm transporting gold ingots out of the country and bringing in large amounts of cash across the Peruvian border. In such a way, they hide their money to avoid paying taxes. Along these lines, the firm sees its costs reduced and thus, competes unfairly against other enterprises that obtain their gold in a lawful manner.
Unfortunately, this company is just one of the many firms that revolve around unlawful mineral extraction in Peru. Driven by the price incentive of selling each kilogram of gold at US$39,000 and disregarding their social and environmental impacts, these firms are already responsible for costly and irreversible problems.
Here is a video from AlJazeera that furthers on the same topic.
https://www.youtube.com/watch?v=QyvntL7pqws