Ex-LafargeHolcim CEO Olsen placed under formal investigation in France

Reuters Business News
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Posted: Dec 07, 2017 5:13 PM

PARIS (Reuters) - The former Chief Executive of Franco-Swiss cement group LafargeHolcim <LHN.S>, Eric Olsen, was placed under formal investigation on Thursday as part of an inquiry into the group's activities in Syria, a source with the prosecutor's office said.

Prosecutors had launched an investigation in June into LafargeHolcim's operations and its possible "financing of a terrorist enterprise".

A spokeswoman with LafargeHolcim had no comment.

(Reporting by Emmanuel Jarry; Writing by Matthias Blamont; Editing by Alison Williams)