Brazil's largest gold refiner delisted from major exchange amid ongoing Amazon mining probe.

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One of Brazil's largest gold refiners, which is suspected of processing gold mined illegally in the Amazon rainforest, has caused environmental damage in the region.

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Sao Paulo-based Marsam was sharing ownership links and processes gold on behalf of an intermediary that Brazilian prosecutors have accused of buying gold.

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Dirceu Frederico Sobrinho, a former partner at Marsam, has been reaping the benefits of the recent gold rush in the Amazon. 

Last year, federal prosecutors filed a civil suit against the company, F.D'Gold, and two other companies that purchase gold. 

- Voltaire

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Marsam was quietly removed from the Responsible Minerals Initiative's public list of smelters and refiners that follow best sourcing practices this month, due to the ongoing lawsuit.