French judges drop preliminary charges against LafargeHolcim’s former CEO
07 Mar 2019

French judges have dropped preliminary charges against LafargeHolcim’s former Chief Executive Eric Olsen, said Olsen’s lawyer, which came as part of a wider investigation on whether the company helped finance Islamic State in Syria.

French authorities are looking into whether French cement maker Lafarge, which was taken over by Swiss rival Holcim in 2015, paid the Islamic State in 2013 and 2014 to keep its factories running in areas held by the terrorist group.

Prosecutors opened an investigation into suspected funding of terrorism in June 2017. They are looking into payments possibly made by Lafarge through intermediaries to armed groups, including Islamic State, and into possible purchases of raw materials from intermediaries related to these groups.

By Emmanuel Jarry and Inti Landauro, Reuters, 5 March 2019

Link to Reuters

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