Daily Trade News

Lafarge Cement to plead guilty for bribing ISIS as terror group


A view of a Lafarge Cement plant is seen in Paris, France on September 8, 2021.

Julien Mattia | Anadolu Agency | Getty Images

Lafarge Cement has agreed to plead guilty Tuesday and pay a fine of more than $700 million to U.S. federal criminal charges related to the French company’s involvement in payments to the terror organization ISIS to keep a plant operating in Syria.

The payments to ISIS were made from 2012 through 2014, and occurred even as the terror group was kidnapping and killing westerners, NBC News reported.

The investigation that led to Lafarge being indicted in U.S. District Court in Brooklyn, New York, is ongoing.

Lafarge was purchased by Switzerland-based Holcim in 2015.

This is breaking news. Please check back for updates.



Read More: Lafarge Cement to plead guilty for bribing ISIS as terror group