Lafarge SA Under Investigation

RR070918 Lafargelogo

July 8, 2018 – This case is getting ugly. LafargeHolcim’s subsidiary Lafarge SA has been placed under formal investigation in France over allegations it financed terrorist groups, and aided and abetted crimes against humanity in a bid to continue operating in Syria, according to news reports. A panel of examining magistrates presiding over the case relating to the operation of the Jalabiya cement plant in Syria by Lafarge Cement Syria between 2011 and 2014, also charged Lafarge SA with violating a European Union embargo on oil purchases. Eight former company executives, including two former chief executives, have been indicted in recent months on charges of financing terrorism and putting the lives of their workers in Syria at risk. All of those officials have resigned from Lafarge, which merged with Holcim in 2015, after the activity in Syria took place.

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