The always-helpful D & O Diary has a great post about FCPA-related civil litigation here. The topic is big news these days, with interest spurred by front-page suits brought by alleged victims of overseas public corruption — most lately the government of Iraq, Bahrain’s Alba and Denver oilman Jack Grynberg.… Continue Reading
Posts Tagged: Alba
The British press is reporting (here and here) that oil giant BP and its current and former CEOs, Tony Hayward and Lord Browne, as well as Norway’s Statoil and its CEO, are among the defendants named in a civil lawsuit involving allegations of bribery of government officials in Kazakhstan.… Continue Reading
If, as Alba alleges, Alcoa overcharged it for supply contracts by $2 billion, and some or all of the money went into offshore accounts controlled by Alcoa’s agent and was used to bribe Alba’s personnel and other Bahraini government officials, then the focus of the U.S.… Continue Reading
What’s the story behind this case? To be honest, we’ve got lots of questions and so few answers.
This we know: Aluminum Bahrain BSC (“Alba”) sued Alcoa Inc., its long-time raw materials supplier, for corruption and fraud in a Pittsburgh federal court.… Continue Reading
The U.S. Justice Department has opened a criminal investigation into allegations that Alcoa Inc. violated the Foreign Corrupt Practices Act and other laws by bribing officials in Bahrain.
The federal investigation was triggered when Aluminum Bahrain BSC (“Alba”) filed a civil lawsuit three weeks ago in federal court in Pittsburgh accusing Alcoa of a 15-year conspiracy linked to overcharging, fraud and bribery.… Continue Reading