lafarge exceo denies knowing of syria payments
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Lafarge ex-CEO denies knowing of Syria payments

Arab Today, arab today

Arab Today, arab today Lafarge ex-CEO denies knowing of Syria payments

Bruno Lafont -- chief executive from 2007 to 2015
Paris - Arab Today

A former CEO of French-Swiss cement maker LafargeHolcim said he was made aware of payments to the Islamic State group in August 2014, contradicting an account by another top executive, a source close to the case said Saturday.

Lafarge is accused of paying the terrorist group and other militants $12.9 million between 2011 and 2015 so that the company's factory in Jalabiya, northern Syria, could continue to operate despite the war.

According to a report commissioned by LafargeHolcim and seen by AFP, Lafarge's Syrian subsidiary Lafarge Cement Syria (LCS) paid out some $5.6 million (4.7 million euros) between July 2012 and September 2014.

Of this, more than half a million dollars went to IS, according to an April report by US consultants Baker McKenzie.

Last week, Bruno Lafont -- chief executive from 2007 to 2015 when the company merged with the Swiss building supplies company Holcim, before serving as co-chairman of LafargeHolcim until April this year -- was charged with "financing a terrorist organisation and "endangering the lives of others".

The group's former Syria chief Christian Herrault and Eric Olsen, who took over from Lafont as CEO after the company merged with Switzerland's Holcim, were also charged with the same crimes.

Investigators contend that Lafont was aware of the millions of dollars being paid to various armed groups including IS.

The three men have been in detention since December 6.

According to the source, Lafont told judges in a hearing that Herrault announced "an agreement with Daesh (IS)" during a board meeting in August 2014.

"I did not comment at the time, except to say that the deal was not a good idea," Lafont said, adding that he then decided to close the plant.

It would eventually fall into the hands of the Abu Bakr al-Baghdadi group a few weeks later, on September 19, 2014.

- 'Regularly informed' -

Herrault acknowledged earlier this year that Lafarge was involved in a "racket", but that he kept Lafont "regularly informed", according to the commissioned report.

Herrault apparently told Lafont about what was going on in Syria beginning in summer 2012 and of the jihadist payments in September-October 2013.

Herrault told judges he paid IS "the sum of 5 million Syrian pounds ($20,000) monthly from November 2013," because "all the stakeholders have to make sure that this investment lasts and works".

"There are many things I did not know and that may have been hidden from me," Lafont told the judges.

The former CEO denied having wanted to stay in Syria at all costs only for a "commercial" reason, seeing as the group had spent $680 million on its Jalabiya factory a few years earlier.

"Obviously an asset of that amount is taken into account but it is not the only thing taken into account," Lafont said. "A cement factory is very difficult to dismantle (and) our custom is to not let people down".

Lafont told judges he realised in July 2013 that the situation in Syria had worsened and that the company needed an exit strategy.

"Mr. Lafont never expressed doubts or any intention of closing the factory to Mr. Herrault from that date and until August 2014," Herrault's lawyer Solange Doumic said.

Lafont's lawyer was unavailable for comment.

Lafarge hung on for another 14 months, after most French companies had left as IS made major territorial gains.

Three former officials at the Jalabiya factory were also charged in the case last week.

Source:AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

lafarge exceo denies knowing of syria payments lafarge exceo denies knowing of syria payments

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

lafarge exceo denies knowing of syria payments lafarge exceo denies knowing of syria payments

 



GMT 11:28 2017 Saturday ,15 April

President Al-Bashir's visit to Kuwait and Bahrain

GMT 07:51 2017 Sunday ,26 November

HRH Crown Prince condoles with Egyptian President

GMT 14:35 2018 Friday ,12 October

Bahrain's media history documentation hailed

GMT 11:45 2017 Friday ,29 December

10 bodies found in mass grave in Myanmar

GMT 08:44 2016 Monday ,19 December

Hopeless Afghan struggle to save boy sex slaves

GMT 15:15 2013 Friday ,05 July

I breathe freedom in Jordan

GMT 12:55 2016 Sunday ,18 December

Kerry in likely last visit with Saudi king

GMT 05:49 2017 Wednesday ,24 May

Indian police make arrests after mobs lynch 8

GMT 12:12 2017 Sunday ,19 February

More South Sudanese officials quit unity gov't

GMT 09:25 2017 Wednesday ,09 August

Ghada Abdel Raziq prefers exciting drama

GMT 15:03 2017 Saturday ,14 October

HM King congratulates French President

GMT 22:10 2017 Wednesday ,03 May

Boosting Bahraini-Czech relations discussed

GMT 12:43 2017 Thursday ,30 November

Saudi prince freed in 'billion-dollar deal'

GMT 03:55 2017 Friday ,17 November

Al-Hilal's Eduardo looking to lead from the front

GMT 03:26 2017 Saturday ,18 November

Tesla's all-electric semi truck
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday