French cement company fined over $1.2 billion for terror group payments

  • 📰 9NewsAUS
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

Business News News

The company admitted to paying over a billion dollars in exchange for permission to keep a plant in Syria running. 9News

in exchange for permission to keep open a plant in Syria, a case the US Justice Department described as the first of its kind. The company also agreed to penalties totaling roughly US$778 million .

The company's actions occurred before it merged with Swiss company Holcim to form the world's largest cement maker.French cement company Lafarge has admitted to paying over a billion dollars to ISIS to keep a plant in Syria running. "The defendants routed nearly $US6 million in illicit payments to two of the world's most notorious terrorist organizations — ISIS and al-Nusrah Front in Syria — at a time those groups were brutalising innocent civilians in Syria and actively plotting to harm Americans," US Assistant Attorney General Matthew Olsen, the Justice Department's top national security official, said in a statement.

The charges were announced by federal prosecutors in New York City and by senior Justice Department leaders from Washington. The Justice Department described it as the first instance in which a company has pleaded guilty to conspiring to provide material support to a foreign terrorist organisation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

OMGTheMess Paying money to terrorists may work in the short term, but as a long term plan, it is short-sighted, dangerous and moronic.

Just like they in past paying Vikings to stop raping and pillaging

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in BUSİNESS

Business Business Latest News, Business Business Headlines