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
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Three killed, 20 injured in Osun road crash: FRSC
The Federal Road Safety Corps (FRSC) says three people lost their lives, while 20 others were injured in an accident in Tonkere, Osun State.
Heading 2
EPL: Aston Villa extend goalless run after 0-0 draw with Hull City
Villa missed goal-scoring opportunities in the opening minutes of the game, with chances from Nicolas Jackson, Ross Barkley and George Hemmings.
Heading 5
Rights activists, labour leaders seek security, living wage reforms
Rights activists, labour leaders and civil society organisations called for urgent reforms to address insecurity and economic hardship.
Heading 3
FG rebranding livestock sector to attract youths: Maiha
“Now, the agriculture sector is beckoning the youths. We are rebranding the sector,” the minister said.
States
Gov Makinde cautions traditional rulers against partisan politics
Mr Makinde advised traditional rulers to steer clear of politics and embrace all political actors without bias.
NationWide
Revive railways, waterways to save Nigerian roads, ex-CAN chairman tells Tinubu
The cleric expressed concern over the deteriorating condition of roads across the country and its impact on transportation, economic activities and national security.
