DOJ: French company pleads guilty to paying ISIS terror group to keep plant running

The French company Lafarge S.A., an international building materials manufacturer, funneled $6 million to ISIS and associates to protect cement plant operations Syria.A French company pleaded guilty Tuesday to paying terror groups, including the Islamic State, $6 million to keep a lucrative cement plant in Syria operating, marking the first time a corporation has been charged with supporting foreign terrorist organizations.

Deputy Attorney General Lisa Monaco cast Lafarge as a"partner" in terror, asserting that the company had collaborated with"one of the most brutal terrorist organizations the world has ever known, to enhance profits and increase market share — all while ISIS engaged in a notorious campaign of violence during the Syrian civil war."

According to court documents, the company operated the Syrian cement plant, constructed at a cost of $680 million, from 2010 to 2014. After the conflict began in 2011, Lafarge arranged to pay"armed factions in the civil war" to protect company employees, keep the plant running and strike an economic advantage over competitors in the unstable Syrian market.

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 »

French company to pay nearly $778 million as part of plea deal to US charge of providing support to ISIS | CNN PoliticsA French cement company admitted Tuesday to making millions of dollars of payments that supported ISIS and another terrorist organization as part of an effort to maintain its operations in Syria as the civil war escalated. What about the company of the late Albert Frères they did the same
Source: cnni - 🏆 326. / 59 Read more »