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French cement giant Lafarge to pay $778 million fine for supporting terror groups in Syria

French cement giant Lafarge pleaded guilty on Tuesday to a US charge that it made payments to groups designated as terrorists by the United States, including the Islamic State (IS) group, agreeing to pay almost $800 million in fines and forfeitures.

The admission in US federal court marked the first time a company has pleaded guilty in the United States to charges of providing material support to a terrorist organisation.

Lafarge agreed to forfeit $687 million (698 million euros) and pay a fine of $90 million in its guilty plea.

The cement maker previously admitted after an internal investigation that its Syrian subsidiary paid armed groups to help protect staff at the plant. But it had denied charges that it was complicit in crimes against humanity.

Lafarge Chair Magali Anderson said in court that from August 2013 until November 2014 former executives of the company “knowingly and willfully agreed to participate in a conspiracy to make and authorize payments intended for the benefit of various armed groups in Syria.”

“The individuals responsible for this conduct have been separated from the company since at least 2017,” she said.

In a statement, Holcim noted that none of the conduct involved Holcim, “which has never operated in Syria, or any Lafarge operations or employees in the United States, and it is in stark contrast with everything that Holcim stands for.”

Holcim said that former Lafarge executives involved in the conduct concealed it from Holcim, as well as from external auditors.

SourceFR24

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