Will Peru Extradite Billionaire Lead Magnate Ira Rennert?
A Peruvian judge has threatened to extradite bad-boy industrialist and private-equity bigwig Ira Rennert, according to a recent story in Peru's La Republica. Since January, the American billionaire has repeatedly refused to travel to Peru to respond to charges of defrauding the Peruvian government in connection with his management of Doe Run Peru, a lead smelter in the Andes that has poisoned a surrounding town.
According to La Republica, Rennert has claimed that he is "too occupied with his business" to address the charges in person. He asked Peruvian judge Martha Flores Gallardo to travel to New York instead.