U.S. slams $778 million fine on Lafarge for providing support to terrorist groups
The U.S. Justice Department has fined French cement giant Lafarge SA $778 million for supporting terrorist groups in Syria during the civil war.
The company was penalised after admitting to paying ISIS and other terrorist organisations to keep a cement plant running in Syria during the civil war.
Lafarge and its parent company Holcim Group announced the development in a statement on Tuesday, stating that they had decided to enter a guilty plea and pay the fine.
“have agreed to plead guilty to one count of conspiring to provide material support to designated foreign terrorist organizations in Syria from August 2013 to October 2014,” a statement by Lafarge SA read.
In order to operate a cement plant in Syria from 2013 to 2014, Lafarge S.A., with headquarters in Paris, France, arranged to pay the terrorist organisation ISIS and ANF, allowing LCS to earn about $70.3 million in revenue.
Lafarge pleaded guilty and was sentenced at a hearing in U.S. District Court in Brooklyn, New York, after an indictment charging it with one count of conspiring to provide material support to a designated foreign terrorist organisation.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Health
World Health Summit: Leaders pledge $2.6 billion to end polio
The funds will support global efforts to overcome the final hurdles to polio eradication.
Anti-Corruption
Oil theft has reduced significantly in Nigeria: Kyari
“The situation of vandals’ action on our pipelines and generality of crude oil theft has reached the point that it needs all to react,” declared Mr Kyari.
Economy
BMW China recalls faulty 478 K1600, K1600 GT motorcycles from Nigeria
BMW automobile trading company in China have recalled 478 K1600 and K1600 GT motorcycles due to faulty shock absorbers.
Education
Education catalyst for socioeconomic advancement, says Wike
Governor Nyesom Wike says education is the foundation for increased socioeconomic advancement in society.
Politics
Abia development remains responsibility of Igbos, government: Ikpeazu
“We must provide jobs for our children, and the answer is Enyimba Economic City and Geometric Power project,” stated Governor Okezie Ikpeazu.
Hot news Home top
2.98 million poor, vulnerable people on Kaduna social register: Official
The Kaduna government says 2.98 million poor and vulnerable people from 778,662 households have been captured on its social register.
