News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
They are so familiar to those of us who follow FCPA enforcement actions that we’re likely to stop noticing them. Petrobras in Brazil, Corpoelec and PDVSA in Venezuela, Pemex and CFE in Mexico, Takilant in Uzbekistan, Sonangol in Angola, Alba in Bahrain, Telecommunications D’Haiti, 1MDB in Malaysia, and Pertamina in Indonesia.… Continue Reading
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.
Hall, 61, was sentenced by a London court on July 22 to serve 16 months in prison for taking nearly $5 million in bribes when he worked for state-owned Alba, or Aluminium Bahrain B.S.C.… Continue Reading
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.… Continue Reading
Here’s Alcoa’s disclosure from its Form 8-K filed with the SEC on January 10 about the FCPA enforcement action that landed 5th on our Top Ten list:
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On January 9, 2014, Alcoa Inc.… Continue Reading
A unit of Alcoa agreed to plead guilty Thursday in the Western District of Pennsylvania to one count of violating the anti-bribery provisions of the FCPA with a 2004 corrupt transaction.… Continue Reading
This was released Tuesday by the U.K. Serious Fraud Office:
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Statement: 10 December 2013
The SFO has today offered no evidence against Victor Dahdaleh, having concluded that there is no longer a realistic prospect of conviction in this case.… Continue Reading
The London trial of former Alcoa super-agent Victor Dahdaleh ended Tuesday in a complete acquittal after two witnesses from a U.S. law firm involved in the investigation refused to testify and another witness changed his evidence, dealing a huge blow to the already embattled U.K.… Continue Reading
Victor Dahdaleh, the London-based billionaire and former agent for Alcoa, went on trial Tuesday for making ‘corrupt payments’ of more than $65 million to the ex-chairman and chief executive of a Bahrain state-owned aluminum smelter.… Continue Reading
An Australian joint venture partner of Alcoa said this week that possible FCPA settlements with the DOJ and SEC for alleged bribes to officials of Bahrain’s Alba could amount to more than $300 million.… Continue Reading
Alcoa said Tuesday it has reached a settlement with Aluminium Bahrain B.S.C. (‘Alba’) to end a civil lawsuit that accused Alcoa of bribing Alba officials and overcharging for the supply of raw materials.… Continue Reading
Alcoa’s former agent Victor Dahdaleh and the one-time head of Aluminium Bahrain B.S.C. (‘Alba’) appeared Monday in criminal court in London.
Dahdaleh, 63, a Jordanian-born dual citizen of Canada and Britain, was charged with bribing Alba officials.… Continue Reading
Aluminum Bahrain BSC (“Alba”) said last week it should be allowed to sue for damages in a U.S. court because it was victimized by alleged bribery and fraud that was ‘home-cooked .… Continue Reading