EconomyLens.com
No Result
View All Result
Friday, September 18, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Cement maker Lafarge on trial in France over jihadist funding

Thomas Barnes by Thomas Barnes
November 4, 2025
in Other
Reading Time: 6 mins read
A A
2
25
SHARES
307
VIEWS
Share on FacebookShare on Twitter

Lafarge finished constructing its $680-million factory in northern Syria in 2010, before civil war broke out. ©AFP

**Paris (AFP)** – Cement conglomerate Lafarge went on trial in France Tuesday, accused of paying the Islamic State group and other jihadists protection money to build its business in war-torn Syria. In a similar case in the United States, the French firm pleaded guilty to conspiring to provide material support to US-designated “terrorist” organisations and agreed to pay a $778-million fine, in what was the first time a corporation had faced the charge.

Related

Stock markets diverge after central bank rate hikes

Russia seizes assets of Nestle, French firms over West’s Ukraine support

Asian stocks boosted by falling oil, yen weakens after BoJ rate hike

AI doomsday warnings unlikely to slow IPOs but questions linger

Asian stocks track Wall St rally as oil prices drop

In the French trial, Lafarge — which has since been acquired by Swiss conglomerate Holcim — is accused of paying millions of dollars in 2013 and 2014, via its subsidiary Lafarge Cement Syria (LCS), to jihadist groups and intermediaries to keep its plant operating in northern Syria. Groups it allegedly paid include the Islamic State group (IS) and Syria’s then Al-Qaeda affiliate Jabhat al-Nusra. Defendants include Lafarge, its former chief Bruno Lafont, five ex-members of operational and security staff, and two Syrian intermediaries. One of the Syrians was not present and is subject to an international arrest warrant. The defendants were accused of “funding terrorism” and violating international sanctions at the start of the trial. Lafarge could face a fine of up to $1.2 million if found guilty of “funding terrorism” and much more if found to have breached sanctions. Holcim, which took over Lafarge in 2015, has said it had no knowledge of the Syria dealings.

– **Syrian staff left behind** – Lafarge finished building a $680-million factory in Jalabiya in 2010, before Syria’s civil war erupted in March the following year amid opposition to then-president Bashar al-Assad’s brutal repression of anti-government protests. Foreign groups and powers also became involved and IS jihadists gained ground from 2013. They seized large swathes of Syria and neighbouring Iraq in 2014, declaring a so-called cross-border “caliphate.” They implemented their brutal interpretation of Islamic law, carrying out public executions, cutting off the hands of thieves, and selling women from the Yazidi minority as sex slaves.

While other multinational companies left Syria in 2012, Lafarge evacuated only its expatriate employees and left its Syrian staff in place until September 2014, when IS seized control of the factory. In 2013 and 2014, LCS allegedly paid intermediaries to access raw materials from IS and other groups and to allow free movement for the company’s trucks and employees. Kurdish-led Syrian fighters, backed by the air power of a US-led coalition, defeated IS and its proto-state in 2019.

– **Crimes against humanity?** – An inquiry was opened in France in 2017 after several media reports and two legal complaints in 2016, one from the finance ministry for the alleged breaching of an economic sanction and another from non-governmental groups and 11 former LCS staff members over alleged “funding of terrorism.” The Paris trial is scheduled to last until December 16. In the US case, the Justice Department said Lafarge sought IS help to squeeze out competitors, operating an effective “revenue sharing agreement” with them.

Lafont, who was chief executive from 2007 to 2015 when Lafarge merged with Holcim, at the time denounced the inquiry as “biased.” Another French investigation into Lafarge’s alleged complicity with crimes against humanity is ongoing. In the United States, around 430 Americans of Yazidi background and Nobel laureate Nadia Murad have filed a civil suit accusing the group of supporting brutal attacks on the population through a conspiracy with IS.

© 2024 AFP

Tags: corporate governanceMiddle Eastterrorism
Share10Tweet6Share2Pin2Send
Previous Post

Starbucks cedes China control to Boyu Capital

Next Post

Asian markets slip as traders eye tech rally, US rate outlook

Thomas Barnes

Thomas Barnes

Related Posts

Other

‘In our lane’: Fed’s Warsh defies Trump but still fighting for credibility

September 17, 2026
Other

GM delivers first components for US interceptor missiles

September 18, 2026
Other

Most stocks rise as Fed hikes and oil prices drop

September 17, 2026
Other

Most stocks rise as Fed hikes and indicates drive to curb inflation

September 17, 2026
Other

Where the US-China tariff row stands ahead of White House summit

September 16, 2026
Other

AI looms large ahead of Xi, Trump summit

September 16, 2026
Next Post

Asian markets slip as traders eye tech rally, US rate outlook

South Korea to triple AI spending, boost defence budget

Myanmar scam hub sweep triggers fraudster recruitment rush

Nintendo hikes Switch 2 annual unit sales target

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
2 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

104

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Stock markets retreat after central bank rate hikes

September 18, 2026

Warren Buffett steps down as Berkshire Hathaway chairman

September 18, 2026

Mbappe ends Nike partnership to join Swiss brand On

September 18, 2026

Stock markets diverge after central bank rate hikes

September 18, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.