Search Results for: label/Alcoa – Page 3
The Wall Street Journal reported yesterday (here) that the Justice Department is “investigating payments that Bahraini prosecutors allege were made by units of Japanese commodities-trading giant Sojitz Group to employees of an aluminum producer in Bahrain.” The story says $8.7 million in alleged bribes to employees at Aluminum Bahrain BSC, or Alba, were paid into […]
Victor Dahdaleh, 70, wants a U.S. judge to toss Alba’s civil racketering case against him.Lawyers for billionaire Victor Dahdaleh from Washington, D.C. litigation powerhouse Williams & Connolly have struck back at Bahrain’s Alba and its American attorneys.
As part of its $354 million settlement this week, Alcoa agreed to pay the third biggest disgorgement in FCPA history — $161 million.
The UK Serious Fraud Office said Friday that its £3 million ($5 million) confiscation order against former Alba chief Bruce Hall has been fully paid.
Georgetown Law: Eric E. Hotung International Law BuildingThanks to those who helped with our post Where The Money Is. One reader mentioned two more pending investigations likely to result in big-money enforcement actions: Panalpina and Alcoa. Panalpina’s compliance problems have been in the news for nearly three years, and Alcoa’s for two. Settlements soon? Could […]
Parental controls: Anti-corruption compliance programs for joint ventures, subsidiaries and franchisees (Part 8)
Over the course of the prior posts in this series, we examined various approaches to what we call “parental controls,” meaning compliance measures aimed at joint ventures and other affiliated entities that a company might employ. In this final post, we will review a few FCPA prosecutions to issue a note of caution.
We don’t know how many of the 50 or so disclosed and pending Foreign Corrupt Practices Act investigations will be resolved this year. But here are some we’re watching: Alcoa. In February 2008, government-owned Aluminum Bahrain BSC (Alba) accused its long-time U.S. supplier of overcharging for raw materials during a 15-year period, and using some […]