Deputy Attorney General Lisa Monaco, left, presents an image from a cement plant operated by French company Lafarge, accused of providing support to the Islamic State, on Tuesday, Oct 18 at the U.S. Attorney’s Office for the Eastern District of New York. Photo: Yuki Iwamura/AP
The French cement company Lafarge on Tuesday agreed to pay $778 million in fines and forfeiture after pleading guilty in Brooklyn federal court to conspiracy to provide material support to ISIS and another designated terrorist group.
Federal prosecutors said the case represented the first time a corporation has ever been charged with providing material support and resources to a foreign terrorist group. Lafarge, which was acquired by the Swiss-based building materials company Holcim in 2015, was represented by Debevoise & Plimpton at Tuesday’s proceedings.
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