What's Hot

    Hyris Supports Researchers and Developers to Launch Testing Kits via New Onboarding Programs

    September 27, 2023

    Music Reactor Announces Syn Genre to Soften the Music Industry AI Dilemma

    September 26, 2023

    Eftsure Releases Comprehensive Guide on How Effective Financial Controls Can Mitigate Cyber Fraud

    September 26, 2023
    Singapore UpdateSingapore Update
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • Sports
    • Technology
    • Travel
    Singapore UpdateSingapore Update
    Home » French cement company Lafarge admits making payments to the Daesh group
    Business

    French cement company Lafarge admits making payments to the Daesh group

    October 19, 2022
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    Lafarge, a French cement company, admitted Tuesday it paid millions of dollars to Daesh to keep a plant operational in Syria. This was during a time when the militant group enslaved and tortured Westerners. The company agreed to pay approximately $778 million in penalties. According to the Justice Department, it was the first case of its kind. This accusation blamed the company of turning a blind eye to Daesh’s conduct as the militant group gained territory and Syria endured a brutal civil war. The company’s actions, already investigated by French authorities, occurred before it merged with Swiss company Holcim to form the world’s largest cement maker.

    French cement company Lafarge admits making payments to the Daesh groupThis is the first time a company has pleaded guilty to conspiring to support a foreign terrorist organization. In addition to paying $90.78 million in fines and forfeiting $687 million, Lafarge and a long-defunct Syrian subsidiary entered a plea agreement. “Payments to a designated terrorist group have no justification – none – from a multi-national corporation. “Such payments are egregious violations of our laws, deserve maximum scrutiny by U.S. authorities, and warrant severe punishment,” said Assistant Attorney General Matthew Olsen, the top national security official in the Justice Department.

    Daesh, al-Nusrah Front, and another militant group were allegedly funneled nearly $6 million by the company between 2013 and 2014. There was no ideological alignment behind the payments, the Justice Department said, but rather simple economic benefits. As a result of competition from cheaper imported cements, the company constructed a $680 million cement plant in northern Syria in 2011. It considered the payments to Daesh to ensure that the plant would continue to operate as well as protect its employees and raw material transport. To hide the partnerships, the company used fake contracts and falsified invoices, according to the Justice Department.

    The payments came as other companies pulled out of the region and Daesh released beheading videos as publicity to reveal its barbaric behavior. One email exchange, dated August 20, 2014, describes company officials’ negotiations with Daesh, with one mentioning that “the consequences of such a deal should be discussed with a company lawyer.” A grisly video of the murder of American journalist James Foley had been released one day earlier by Daesh.

    “Make no mistake: Lafarge and its leadership knew exactly who they were dealing with and did not flinch,” Deputy Attorney General Lisa Monaco said. As a result, the company worked with Daesh to maintain operations, undercut competition, and maximize revenues. In the allegations, Lafarge funded and supported a brutal terror group and enabled its operations.” French authorities previously investigated the allegations. To ensure safe passage for its employees and to supply its plant, Lafarge funneled money to Syrian armed groups between 2013 and 2014.

    Among the preliminary charges filed against the company in 2014 were financing a terrorist enterprise and involvement in crimes against humanity. Later, a French court quashed the charges involving crimes against humanity, but said that other charges involving payments to Syrian armed forces would be considered. A French court overturned that ruling this year, stating that Lafarge must face charges of complicity in crimes against humanity.

    Related Posts

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023

    ASEAN Summit in Jakarta sees PM Modi advocating India’s growing global impact

    September 7, 2023

    Goldman Sachs accused of bullying culture in £1 million lawsuit

    September 7, 2023
    Latest News

    World Tourism Day 2023 calls for sustainable growth in tourism

    September 26, 2023

    UAE and India discuss strategic ties at UNGA78 in New York

    September 26, 2023

    Leaders of UAE and Netherlands convene to reinforce mutual cooperation

    September 26, 2023

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    UN calls for greater female representation in police forces worldwide

    September 8, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023
    © 2021 Singapore Update | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.