French company fined $777 million and pleads guilty to paying ISIS as terror group killed Westerners

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Lafarge SA is settling U.S. criminal charges related to payments to terror group ISIS to maintain safety at a plant in Syria.

on Tuesday pleaded guilty and agreed to pay $777.8 million to resolve a U.S. federal criminal charge related to the French company's payments to ISIS and another terror group to keep a cement plant operating in Syria.

"Lafarge has admitted and taken responsibility for its staggering crime," said U.S. Attorney Breon Peace in a statement. "Never before has a corporation been charged with providing material support and resources to foreign terrorist organizations." Lafarge Cement Syria "eventually agreed to make payments to ISIS based on the volume of cement that LCS sold to its customers, which Lafarge and LCS executives likened to paying 'taxes,'" Peace's office said.

 

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

Sort of reminds me of GOP and Trump hiring Proud Boys and Oath Keepers for security.

They shouldn’t have paid them, but make sure to explain it was protection money. They paid ISIS to not blow up their plants and offices over there. Wasn’t like the local authorities were going to protect their operations. A case of “damned if you do, damned if you don’t.”

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:

 /  🏆 12. in BUSİNESS

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 »

A French cement company will pay $780 million in penalties for supporting ISIS in Syria'Never before has a corporation been charged with providing material support and resources to foreign terrorist organizations.' Stunning!!!!
Source: axios - 🏆 302. / 63 Read more »

French company pleads guilty to paying millions to ISISA French industrial company pleaded guilty to providing material support to terrorism by paying millions of dollars to ISIS in order to keep its cement plant in Syria operable. RFI France24_fr JLMelenchon kouamouo M_Koulibaly FranklinNYAMSI jeune_afrique EmmanuelMacron Alainlobog FarafinaW It that illegal in France?
Source: ABC - 🏆 471. / 51 Read more »

DOJ: French company pleads guilty to paying ISIS terror group to keep plant runningAs part of the plea, the company was ordered to pay nearly $778 million in penalties. Federal authorities said the scheme allowed the company to operate the cement plant for more than a year beginning in 2013, producing about $70 million in revenue.
Source: USATODAY - 🏆 100. / 63 Read more »

DOJ: French company pleads guilty to paying ISIS terror group to keep plant runningThe French company, Lafarge S.A., has pleaded guilty after they paid an ISIS terror group to keep a lucrative cement plant in Syria operating. ✅TESLA is now one of the biggest liquidity in the financial system , making way for investors to earn up to $3089 Daily with no risk. ✅ join now to get started 👇👇👇 France will have %50+ Muslim constituent population around 2050.. Bonaparte days are over.. USA can transfer isis cells to them now. kinsellawarren was SNC lavalin involved?
Source: USATODAY - 🏆 100. / 63 Read more »