Holcim Unit Pleads Guilty in US Over Islamic State Payments (2)

Holcim Ltd.’s Lafarge unit pleaded guilty to US charges and agreed to pay $777.8 million in fines and forfeiture for providing material support to the Islamic State in Syria to keep a cement factory operating in the war-torn country.

The case marks the first time a multinational company has been charged by the US with aiding terrorists, and Deputy Attorney General Lisa Monaco called the French cement maker’s conduct “a new low” in corporate crime at a Tuesday press conference.

“In the summer of 2014, the world watched in horror as ISIS murdered innocent journalists and aid workers,” she ...