{"id":222895,"date":"2022-10-19T15:04:25","date_gmt":"2022-10-19T14:04:25","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=222895"},"modified":"2022-10-19T16:10:02","modified_gmt":"2022-10-19T15:10:02","slug":"lafarge-cement-confesses-to-funding-supporting-terrorism-to-pay-778-million-fines","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/10\/19\/lafarge-cement-confesses-to-funding-supporting-terrorism-to-pay-778-million-fines\/","title":{"rendered":"Lafarge cement confesses to funding, supporting terrorism; to pay $778 million fines"},"content":{"rendered":"

In what’s now the first public indictment of a multinational company in terrorism financing, French cement manufacturer, Lafarge has confessed that it did funded a terrorist group, Islamic State, to keep the company afloat in Syria.<\/p>\n

The company pleaded guilty to the charge of providing material support to the terrorist organisation<\/a> on Tuesday at the Brooklyn federal court, the United States court.<\/p>\n

According to Reuters, Lafarge, which became part of Swiss-listed Holcim (HOLN.S) in 2015, agreed to pay $778 million in forfeiture and fines as part of the plea agreement.<\/p>\n

US prosecutors said Lafarge and its Syrian subsidiary Lafarge Cement Syria paid IS and al Nusra Front, through intermediaries, the equivalent of approximately $5.92 million between 2013 and 2014 to allow employees, customers and suppliers to pass through checkpoints after civil conflict broke out in Syria.<\/p>\n

The report said that allowed the company to earn $70 million in sales revenue from a plant it operated in northern Syria, prosecutors said.<\/p>\n

\u201cLafarge made a deal with the devil,\u201d Breon Peace, the top federal prosecutor in Brooklyn, told reporters following the guilty plea. \u201cThis conduct by a Western corporation was appalling and has no precedent or justification.\u201d<\/p>\n

The cement maker eventually evacuated the cement plant in September 2014, according to US prosecutors said. At that point, IS took possession of the remaining cement and sold it for the equivalent of $3.21 million.<\/p>\n

Lafarge Chair Magali Anderson said in court on Tuesday that from August 2013 until November 2014 former executives of the company \u201cknowingly and willfully agreed to participate in a conspiracy to make and authorize payments intended for the benefit of various armed groups in Syria.\u201d<\/p>\n

In a statement, Holcim noted that none of the conduct involved Holcim, \u201cwhich has never operated in Syria, or any Lafarge operations or employees in the United States, and it is in stark contrast with everything that Holcim stands for.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

In what’s now the first public indictment of a multinational company in terrorism financing, French cement manufacturer, Lafarge has confessed that it did funded a terrorist group, Islamic State, to keep the company afloat in Syria. The company pleaded guilty to the charge of providing material support to the terrorist organisation on Tuesday at the […]<\/p>\n","protected":false},"author":39,"featured_media":222916,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[37],"tags":[48442,21768,1952,1524],"class_list":["post-222895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-lafarge","tag-syria","tag-terrorism","tag-us"],"yoast_head":"\nLafarge cement confesses to funding, supporting terrorism; 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