A French Company That Was Acquired By A Swiss Company Paid Foreign Terrorist Organizations In Connection With A Cement Plant In Syria And U.S. Collects $778 Million
That is a rather odd headline when you think about.
Regardless of the underlying conduct, is there actually a U.S. interest in such an enforcement action particularly since French law enforcement previously brought an enforcement action against the entities based on the same core conduct?
An interesting question to ponder as the DOJ yesterday announced that Lafarge S.A. (a French company that was acquired in 2015 by Switzerland based Holcim) and Lafarge Cement Syria (LCS) pleaded guilty to a one-count criminal information charging them “with conspiring to provide material support and resources in Northern Syria from 2013 to 2014 to the Islamic State of Iraq and al-Sham (ISIS) and the al-Nusrah Front (ANF), both U.S.-designated foreign terrorist organizations.”