Bahrain: Alcoa to pay $384m in fines for FCPA violations


Issue 962 - 23 Jan 2014 | 3 minute read

Another of the string of cases related to bribery at Aluminium Bahrain (Alba) wrapped up on 9 January, when Alcoa World Alumina LLC agreed to plead guilty and pay $223m in criminal fines and forfeiture for having violated the Foreign Corrupt Practices Act (FCPA), as well as $161m to the Securities Exchange Commission (SEC).The case, brought by the Department of Justice (DoJ), follows investigations begun in 2008 into allegations that, to secure contracts, Alcoa paid millions of dollars of bribes through an international middleman in London to officials at Alba.

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