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France starts judicial inquiry into LafargeHolcim’s Syrian activities

France has launched a judicial inquiry into the Syrian activities of cement and construction group LafargeHolcim, a judicial source said on Tuesday, with the probe looking into the “financing of terrorist enterprise” and endangering lives.

The source said one judge dealing with anti-terrorism matters and two financial judges were handling the matter.

A spokeswoman for the company said LafargeHolcim had no immediate comment on the subject.

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In April, LafargeHolcim said its chief executive Eric Olsen was leaving after the company admitted it had paid armed groups to keep a factory operating in war-ravaged Syria.

An independent internal inquiry found protection payments made to intermediaries to keep open the Jalabiya plant in northern Syria were not in line with its policies

Reuters

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