Lafarge Cement will plead guilty to bribing ISIS for killing terrorist group Westerners

A view of a Lafarge Cement factory in Paris, France, on September 8, 2021.

Julien Matthias | Anadolu Agency | Getty Pictures

Lafarge Cement It agreed Tuesday to plead guilty and pay a fine of $777.8 million to US federal charges that the French company paid the terrorist group ISIS to operate a factory operating in Syria.

About $17 million was paid to ISIS from 2012 to 2014, and it even happened as the terror group kidnapped and killed Westerners.

The investigation continues that led to Lafarge being charged in U.S. District Court in Brooklyn, New York, with a conspiracy charge to provide material support to a designated foreign terrorist organization. No person was charged.

The Department of Justice has scheduled an 11 a.m. press conference regarding the case at the office of the U.S. Attorney for the Eastern District of New York.

Acquired by Lafarge, Switzerland-based holcim in 2015.

Holcim told CNBC that he supports Lafarge’s plea deal with the DOJ.

“It does not include Holcim in any way, which does not operate in Syria, or any Lafarge operations or employees in the United States, and is in stark contrast to everything Holcim stands for,” Holcim said in a statement.

“DoJ, former Lafarge SA and [Lafarge Cement Syria] Holcim concealed this behavior from Holcim and also from outside auditors before and after purchasing Lafarge SA,” said Holcim.

“When Holcim learned of the allegations from media reports in 2016, Holcim proactively and voluntarily conducted a comprehensive investigation led by a major US law firm and overseen by the Board of Directors. Lafarge SA and LCS executives involved in these events.”

In 2018, Lafarge was accused by French authorities of complicity in crimes against humanity in connection with ISIS payments.

Holcim said in a statement that the Department of Justice has determined that it is not necessary to appoint an independent compliance monitor for Lafarge as Holcim has effective compliance and risk management controls to detect potential similar behavior.

This is breaking news. Please check back for updates.


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