FRENCH CEMENT PRODUCER TO PAY $778 MILLION FOR ISIS PAYMENTS

On 18 October, Global Investigations review and others reported that Lafarge and its Syrian subsidiary pleaded guilty to “unprecedented charges” related to payments it made to terrorist groups to protect a cement plant near the Turkish border.  Lafarge is to pay $778 million in a case the DoJ says marks the first time it has charged a company with supporting a terrorist organisation.  Swiss construction-material giant Holcim Ltd. acquired Lafarge in 2015, but failed to conduct due diligence on the company’s Syrian operations or investigate the matter before it was publicly disclosed.

https://globalinvestigationsreview.com/just-sanctions/article/french-cement-producer-pay-778-million-isis-payments

https://www.wsj.com/articles/french-cement-firm-lafarge-pleads-guilty-to-conspiring-to-support-islamic-state-11666110832

https://www.jurist.org/news/2022/10/french-manufacturing-company-must-pay-778m-in-us-plea-deal-for-bribing-terrorist-organizations/

https://thelaundrynews.com/round-up-lafarge-pleads-guilty-to-providing-material-support-to-isis-and-al-nusrah-front-fined-777-million/

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