French company to pay nearly $778 million as part of plea deal to US charge of providing support to ISIS | CNN Politics

The company, Lafarge SA, is paying a financial penalty of nearly $778 million and pleaded guilty to a US federal count of conspiring to provide material support to ISIS and another terrorist organization as part of a deal with the US Justice Department. It is an unprecedented corporate prosecution under the material support of terrorism law, according to the Justice Department. The company pleaded guilty in a Brooklyn federal court on Tuesday.

“Relatedly, an ISIS vehicle pass dated April 26, 2014, and bearing ISIS’s letterhead and stamp, allowed LCS employees ‘to pass through after the required work. This is after they have fulfilled their dues to us,’” the court submissions said. A July 2014 email from one executive to two others referred to the revenue-sharing scheme as a “cake” to be shared: “We have to maintain the principle that we are ready to share the ‘cake,’ if there is a ‘cake,’” the email said, according to the new filings.

What about the company of the late Albert Frères they did the same

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

French cement company paid ISIS $17M to protect plant in Syria, Justice Department saysA French cement company has been charged in the U.S. with making $17M in payments to ISIS in exchange for the protection of its plant in Syria, the Justice Dept. says. Lafarge/Holcim defended by saying these criminal acts were against their code of conduct. Well that is good. I'm glad their code of conduct doesn't encourage or endorse crimes. But the company says it was only the act of a few executives. That is bull. Shoulda hired private company like one that guards US embassy Iraq.
Source: NBCNews - 🏆 10. / 86 Read more »