• About
  • Advertise
  • Contact
Monday, July 20, 2026
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Crime

$778mln Fine Slammed On Lafarge For Financing Terror Groups

Vital News by Vital News
October 19, 2022
in Crime
0
Share on FacebookShare on Twitter

Lafarge, a global building materials manufacturer headquartered in France, and Lafarge Cement Syria, S.A. (LCS), a Lafarge subsidiary headquartered in Syria, pleaded guilty to a one-count criminal information charging them with conspiring to provide material support and resources to the Islamic State of Iraq and al-Sham (ISIS) and the al-Nusrah Front (ANF), both U.S.-designated foreign terrorist organizations.

Immediately following the defendants’ guilty pleas yesterday, United States District Judge William F. Kuntz, II sentenced the defendants to terms of probation and to pay financial penalties, including criminal fines of $90.78 million and forfeiture of $687 million, totaling $777.78 million.

The charges arose out of the defendants’ scheme to pay ISIS and ANF in exchange for permission to operate a cement plant in Syria from August 2013 to October 2014, which enabled LCS to obtain approximately $70.30 million in revenue.

Breon Peace, United States Attorney for the Eastern District of New York; Lisa O.

Monaco, the Deputy Attorney General of the United States; Matthew G. Olsen, Assistant Attorney General of the Justice Department’s National Security Division; Michael J. Driscoll, Assistant Director-in-Charge, Federal Bureau of Investigation, New York Field Office (FBI); Michael Alfonso, Acting Special Agent-in-Charge, Homeland Security Investigations, New York (HSI); and Keechant L. Sewell, Commissioner, New York City Police Department (NYPD), announced the guilty pleas and sentences.

RelatedStories

Four Police Officers In Trouble For Extorting N53,000 From Chairman Of ICPC, FCT Police Chief Says Culprits Face Dismisal

NDlEA Intercepts 1,630,000 Pills Of Tramadol Heading To Kano, Nabs 80-year-old Grandpa For Drug Pushing

EFCC Secures Final Forfeiture Of 52 Luxury Apartments In Lekki

NDLEA, NCC Form Alliance Against Drug Trafficking, Piracy, Sign MoU

“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,” said United States Attorney Peace. “Lafarge did this not merely in exchange for permission to operate its cement plant – which would have been bad enough – but also to leverage its relationship with ISIS for economic advantage, seeking ISIS’s assistance to hurt Lafarge’s competition in exchange for a cut of Lafarge’s sales. Today, Lafarge has admitted and taken responsibility for its staggering crime.

Never before has a corporation been charged with providing material support and resources to foreign terrorist organizations.

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.”

“The terrorism crimes to which Lafarge and its subsidiary have pleaded guilty are a vivid reminder of how corporate crime can intersect with national security,” said Deputy Attorney General Monaco.

“The defendants partnered with ISIS, one of the most brutal terrorist organizations the world has ever known, to enhance profits and increase market share—all while ISIS engaged in a notorious campaign of violence during the Syrian civil war.

“This case sends the clear message to all companies, but especially those operating in high-risk environments, to invest in robust compliance programs, pay vigilant attention to national security compliance risks, and conduct careful due diligence in mergers and acquisitions.”

“The defendants routed nearly six million dollars in illicit payments to two of the world’s most notorious terrorist organizations—ISIS and al-Nusrah Front in Syria—at a time those groups were brutalizing innocent civilians in Syria and actively plotting to harm Americans,” said Assistant Attorney General Olsen.

“There is simply no justification for a multi-national corporation authorizing payments to designated terrorist organizations.”

“As today’s guilty plea demonstrates, Lafarge was motivated by greed and self-interest when it turned a blind eye

Tags: Financegroupslafargeterror
Previous Post

Zulum Orders Introduction Of Vocational Skills In 3,226 Almajiri Schools

Next Post

Buhari To Commission First Off-shore Petroleum Terminal In Lekki

Vital News

Vital News

RelatedStories

Four Police Officers In Trouble For Extorting N53,000 From Chairman Of ICPC, FCT Police Chief Says Culprits Face Dismisal
Crime

Four Police Officers In Trouble For Extorting N53,000 From Chairman Of ICPC, FCT Police Chief Says Culprits Face Dismisal

July 20, 2026
NDlEA Intercepts 1,630,000 Pills Of Tramadol Heading To Kano, Nabs 80-year-old Grandpa For Drug Pushing
Crime

NDlEA Intercepts 1,630,000 Pills Of Tramadol Heading To Kano, Nabs 80-year-old Grandpa For Drug Pushing

July 19, 2026
EFCC Secures Final Forfeiture Of 52 Luxury Apartments In Lekki
Crime

EFCC Secures Final Forfeiture Of 52 Luxury Apartments In Lekki

July 18, 2026
NDLEA, NCC Form Alliance Against Drug Trafficking, Piracy, Sign MoU
Crime

NDLEA, NCC Form Alliance Against Drug Trafficking, Piracy, Sign MoU

July 18, 2026
Crime

NDLEA, NCC Form Alliance Against Drug Trafficking, Piracy, Sign MoU

July 18, 2026
Next Post

Buhari To Commission First Off-shore Petroleum Terminal In Lekki

Don’t Abandon Your Duties For Election Campaign, Buhari Warns Ministers, Other Appointees

Floods : Gas Scarcity Looms As NLNG Declares Force Majeure

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Dangote Refinery to reduce Africa’s petroleum importation by 36pct, says APPO

5 years ago

LCCI Applauds Dangote On Job Creation, Provision Of Infrastructure

4 years ago
Tinubu Welcomes Revival Of Port Harcourt Refinery, Urges NNPCL To Expedite Action On Warri, Kaduna Refineries

After Brief Scale Down, Port Harcourt Refinery Resumes Full Production Of Petrol, Diesel, Kerosene

2 years ago

Petrol now to sell at between N170 – N190 per litre

4 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Housing
  • ICT
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Bandits Bello Benue Buhari CBN cement Court Dangote death dies drug drugs Economy EFCC Election FG Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu US
No Result
View All Result

Highlights

Olori Eyo, Kabiru Adeshina Oshodi Dies At 72, Omo Epetedo Forum Mourns

Leading Kogi Traditional Ruler, Olu Of Magongo Joins Ancestors, Magongo Development Association Mourns

Crisis Looms As Oil Marketers Stop Lifting Petrol From Dangote Refinery Over Price

Four Police Officers In Trouble For Extorting N53,000 From Chairman Of ICPC, FCT Police Chief Says Culprits Face Dismisal

Banditry : Arrested ‘Ansaru Leaders’ Make U-turn, Plead Guilty To 32 Terrorism Charges

Opposition To FRSC’s Bus-preaching Bill Exposes Your Selfish Agenda, MURIC To Christian Leaders ‎

Trending

President Tinubu Appoints ex-Governor Fayose Chairman Of REA, 25 Others Into 10 Federal Agencies
News

President Tinubu Appoints ex-Governor Fayose Chairman Of REA, 25 Others Into 10 Federal Agencies

by Vital News
July 20, 2026
0

President Bola Ahmed Tinubu has announced 26 new appointments into 10 Federal Government agencies and commissions, with...

Signal Betrayed, General Uba Slaughtered, ISWAP Shows Deadly Reach In Borno

Intelligence Is The Grandfather Of Successful Military Operations By Oluseyi Petinrin

July 20, 2026
Banditry : Arrested ‘Ansaru Leaders’ Make U-turn, Plead Guilty To 32 Terrorism Charges

DSS Kicks Against Life Sentence On Two Ansaru Terrorist Commanders, Seeks Maximum Death Penalty

July 20, 2026
Olori Eyo, Kabiru Adeshina Oshodi Dies At 72, Omo Epetedo Forum Mourns

Olori Eyo, Kabiru Adeshina Oshodi Dies At 72, Omo Epetedo Forum Mourns

July 20, 2026
Leading Kogi Traditional Ruler, Olu Of Magongo Joins Ancestors, Magongo Development Association Mourns

Leading Kogi Traditional Ruler, Olu Of Magongo Joins Ancestors, Magongo Development Association Mourns

July 20, 2026
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • President Tinubu Appoints ex-Governor Fayose Chairman Of REA, 25 Others Into 10 Federal Agencies July 20, 2026
  • Intelligence Is The Grandfather Of Successful Military Operations By Oluseyi Petinrin July 20, 2026
  • DSS Kicks Against Life Sentence On Two Ansaru Terrorist Commanders, Seeks Maximum Death Penalty July 20, 2026

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Housing
  • ICT
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In