The Rampant Corruption Inside Pan American Silver (PAAS) Peru

By Otto Rock

A fascinating report out of the regional news site Cajabamba Peru yesterday, showing the type of corruption that’s rife inside the Pan American Silver (PAAS) operations in Peru. The case has come to light because of the recent takeover of Tahoe Resources by PAAS, as the central figure in the corruption, one Christian Dávila Grados, was brought into the ex-TAHO operations from another mine and immediately went about cutting large slices of pie for his friends and family. When this came to the attention of locals in and around the La Arnea and Shahuindo mines and they found out that truly local companies (the people that should benefit) were being cold-shouldered and contracts awarded to Dávila’s chosen few, we on the outside finally get to see what must be rife inside PAAS (and perhaps for many years). Examples of the contracts include:

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