Lafarge pleads guilty to U.S. charge of supporting Islamic State, to pay $778 million

French cement maker Lafarge pleaded guilty on Tuesday to a U.S. charge that it made payments to groups designated as terrorists by the United States, including Islamic State.
The admission in Brooklyn federal court marked the first time a company has pleaded guilty in the United States to charges of providing material support to a terrorist organisation. Lafarge, which became part of Swiss-listed Holcim in 2015, agreed to pay $778 million in forfeiture and fines as part of the plea agreement.

 

This article was originally posted on business-standard.com

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