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Ex-LafargeHolcim CEO charged in Syria terrorist financing case


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Ex-LafargeHolcim CEO charged in Syria terrorist financing case

Former LafargeHolcim Ltd. CEO Eric Olsen was charged with terrorist financing as part of a French probe into the company's operations in Syria, Bloomberg News and AFP reported.

Bloomberg cited "an official at the Paris prosecutor's office" and the AFP cited "a judicial source."

Olsen announced his resignation earlier in the year. Lafarge Cement Syria allegedly paid the Islamic State group and other militants about $5.6 million between July 2012 and September 2014 so its Jalabiya factory could remain operational in a war zone, AFP reported. Olsen was the human resources director at the time.

Apart from Olsen, who was also charged with endangering other people's lives and was placed under judicial supervision, another former Lafarge CEO, Bruno Lafont, and the former deputy managing director for operations, Christian Herrault, were also interrogated and remain under police custody, Bloomberg News and AFP reported.