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French probing LafargeHolcim for violations in Syria

Neil Hodge | July 3, 2018

LafargeHolcim’s French unit has been placed under formal investigation over allegations the cement maker was “complicit in crimes against humanity” in Syria after admitting paying funds to ISIS and other terrorist groups.

On 28 June, French authorities announced that the company was to be formally investigated over sanctions violations, endangering the lives of others, financing terrorism, and more.

Investigators are also looking into who at the company knew about those payments and when and whether sanctions were violated. They are also looking at whether Lafarge can be held liable for neglecting its responsibilities.

A formal investigation means that prosecutors believe they have “serious or consistent evidence” that could result in prosecution, according to French law. The investigation, however, can still be dropped.

A panel of three judges in Paris ordered Lafarge to hand over €30 million (U.S. $34.9 million) to authorities as a security deposit...

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