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.
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.
