-
Alex Bodi utsedd till vicepresident för SCANDIC FINANCE-koncernen
-
تعيين أليكس بودي نائبًا لرئيس مجموعة SCANDIC FINANCE
-
SCANDIC FINANCEグループ、アレックス・ボディ氏を副社長に任命
-
SCANDIC FINANCE 그룹, 알렉스 보디 부사장 선임
-
亞歷克斯・博迪獲任命為 SCANDIC FINANCE 集團副總裁
-
Jersey Boys Anniversary Tour Opens in Birmingham With Gritty Account of Crime and Fame
-
Алекса Боді призначено віцепрезидентом групи SCANDIC FINANCE
-
Алекс Боди назначен вице-президентом группы SCANDIC FINANCE
-
Alex Bodi appointed Vice President of SCANDIC FINANCE GROUP
-
Alex Bodi, numit vicepreședinte al grupului SCANDIC FINANCE
-
Yealink Summit Addresses AI Governance and Workplace Trust
-
Essential Baking Tools for Christmas Cookie Perfection
-
Elon Musk jokes about moving businesses to space after US midterms
-
West Mercia Police opens 2027 cadet applications to Worcestershire teenagers
-
NHS to test blood screening designed to detect 13 cancers earlier
-
Worcestershire road closures announced for Remembrance Sunday events
-
Democrats near House takeover as voters judge Trump presidency
-
UBC professor describes police call after Galloway remark as act of care
-
Lethbridge submits interest in provincial ground ambulance contract
-
False voting claims spread rapidly during US Election Day
-
The Cat in the Hat expands its stakes to cosmic scale in animated reboot
-
Lettermen co-founder Tony Butala dies at 87
-
Byron Donalds wins Florida governor race and underscores Republican strength
-
James Talarico defeats Ken Paxton in historic Texas Senate result
-
Physicist Claims Alberta Data Center Releases Energy of 23 Atomic Bombs Daily
-
Commentator predicts possible US strike on Iran as regional tensions rise
-
Goa plans relationship-readiness course amid concern over divorces
-
Jordan Bardella's Wealth and Financial Transparency Under Scrutiny
-
Manchester United climbs standings after 3-2 Champions League win over Roma
-
India introduces four-layer motor insurance choice from December 15
-
Mutual fund returns show shifting leaders across market-cap categories
-
Polaris Renewable Energy Declares Quarterly Dividend
-
Armanino Foods to Attend Upcoming Investor Conferences
-
Loar Holdings Inc. Reports Q3 2026 Record Results and Upward Revision to 2026 Outlook and Full Year 2027 Outlook
-
Nine Mile Metals DDH WD-26-12 Intersects 2 High Grade VMS Zones Over 20m Including 3.33% Cu-Eq Over 12.0m, 4.40% Cu-Eq Over 7.0m With 8.35% Zn Over 7.0m with a Peak Intersect of 8.40% Cu-Eq
-
GameSquare's Hatchet Publishes Q3 2026 Live Streaming Trends Report
-
ReElement Announces $46 Million in Non-Dilutive Federal NMTC Allocation to Support Indiana Critical-Minerals Refining Expansion
-
Jerash Holdings (US), Inc. Declares Quarterly Dividend
-
NuRAN Targets Africa's Rural Connectivity Opportunity with More Than US$900 Million in Estimated Contract Revenue
-
ATWEC Technologies, Inc. (OTCID:ATWT) Reports August 2026 Revenue of $2.93 Million, Up 17.7% Year-over-Year
-
BioAdaptives to Acquire Xycota Biosciences to Pursue the Potential of At Home Psilocybin Treatment
-
Horizon Aircraft Signs MOU With Constance Lake First Nation to Bring Lifesaving Medical Aircraft to Remote and Isolated Indigenous Communities
-
Cosmos Health's CosmoFarm Begins Commissioning New Automated Order-Processing and Vehicle-Loading Infrastructure, Advancing Capacity That Could Support Over $120 Million in Annual Revenue
-
Abits Group Highlights Existing Datacenter Infrastructure and 24 MW Power Capacity to Support AI and HPC Hosting Expansion Strategy
-
Greene Concepts Highlights Be Water's Role in Health and Wellness
-
Impauer Technologies Announces Official Release of PauerOne V2 Featuring Integrated PauerEarn Rewards Engine
-
Clarity Tax Relief Publishes Analysis of the 2025 IRS Data Book Collection Figures
-
BlueFuture Aquatics, Inc. (Formerly NaturalShrimp) Announces Support for the Administration's America First Seafood Strategy
-
Strategic Metals Ltd. Announces Acquisition of Control and Direction of Additional Securities of GGL Resources Corp.
-
Glo Tanning Opens in Tempe With Red Light Therapy, Skincare and More
Cement giant Lafarge fined $778 mn for working with Islamic State in Syria
French cement giant Lafarge SA was slapped with a $778 million fine Tuesday for making millions in payments to the Islamic State and another jihadist group to build its business in Syria.
The US Justice Department said the company and its Syrian subsidiary actively sought the Islamic State (IS) group's help to squeeze out competitors when the radical Islamists controlled large parts of Syria and Iraq in 2013-2014, operating an effective "revenue sharing agreement" with them.
It also paid access and protection money to associates of IS and the similarly radical Al-Nusrah Front, ultimately earning some $70 million in revenues during the period, with a Lafarge executive saying the cooperation was "to share the cake."
Lafarge agreed to the fine and to plead guilty to one count of conspiring to provide material support to US-designated foreign terrorist organizations, the first time a corporation has faced the charge.
- 'Unthinkable choice' -
US officials said the company, now owned by Swiss giant Holcim Group, made itself a handmaiden to terror for profits.
"In the midst of a civil war, Lafarge made the unthinkable choice to put money into the hands of ISIS, one of the world's most barbaric terrorist organizations, so that it could continue selling cement," Justice Department prosecutor Breon Peace said, using another acronym for IS.
"This unprecedented charge and resolution reflect the extraordinary crimes committed and demonstrates that corporations that take actions in contravention of our national security interests in violation of the law will be held to account," Peace said.
In a statement, Lafarge said the company and its defunct subsidiary Lafarge Cement Syria "have accepted responsibility for the actions of the individual executives involved."
"We deeply regret that this conduct occurred and have worked with the US Department of Justice to resolve this matter."
Holcim, which took over Lafarge in 2015 without knowledge of the Syria business dealings, said it had been cleared of any wrongdoing by US authorities.
"None of the conduct involved Holcim, which has never operated in Syria, or any Lafarge operations or employees in the United States," it said in a separate statement.
- Millions in payments -
Lafarge began operating a 680 million euro ($670 million) cement plant in the Jalabiyeh region of Northern Syria in 2010, the year IS swept the region with a brutal campaign to establish its extremist "califate."
That sparked a counter-offensive by the Iraq military and Syrian Kurdish forces backed by the US-led international coalition in the region.
The US designated IS and Al-Nusrah terror organizations, threatening tough penalties against anyone who worked with them.
Rather than withdraw like other companies, Lafarge kept working to market its cement, the Justice Department said.
From 2013 to 2104, it paid IS and Al-Nusrah around $5.9 million, some for raw materials, some as payments based on the volume of cement sold and some simply as monthly "donations," the department said.
Lafarge paid another $1.1 million to intermediaries facilitating business with the two groups.
The firm also worked out a deal with IS to make it harder for cheaper Turkish cement suppliers to sell their goods in the same area, effectively allowing Lafarge to keep its prices higher, according to US authorities.
- Sharing 'the cake' -
Company executives knew of the arrangement, the Justice Department said.
In 2014, a senior supervisory official who reported directly to Lafarge's chief executive wrote to officials in the Syria subsidiary about negotiations with IS.
"We have to maintain the principle that we are ready to share the 'cake,' if there is a 'cake,'" he wrote, defining cake as "profit."
Lafarge "negotiated and made unlawful payments at a time when these groups were gaining territory and brutalizing innocent civilians in Syria and elsewhere and were actively plotting against Americans," said US Assistant Attorney General Matthew Olsen in a New York press conference.
Lafarge still faces trial in France on a charge of complicity in crimes against humanity.
In May, a French appeals court approved the charge, opening the door for a trial of the company and eight executives, including former CEO Bruno Lafont.
Lafarge continues to fight that case.
Rights activists hope the case will serve as a bellwether for prosecuting multinationals accused of turning a blind eye to human rights violations as they operate in war-torn countries.
R.Lee--AT