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Peru's vanishing fish

Peru is the world's second largest fishing nation after China, and 85 percent of its catch is anchoveta or anchovy. But rampant cheating and lax controls allowed 630,000 tons of anchoveta to go "missing" between 2009 and the middle of 2011, reveals a probe by the International Consortium of Investigative Journalists and IDL-Reporteros. The fish were simply not counted. Underreporting allows companies to avoid taxes and fishing-rights fees. Worse, it devastates marine resources. Read the full investigation here: http://www.iwatchnews.org/2012/01/26/...