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
Since 2014, the six members of the Gulf Cooperation Council — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates — have been weaving Shariah-compliant blockchain technology and bitcoin into their existing financial and legal infrastructure, while transforming them all at the same time.… Continue Reading
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:
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:
Statement: 10 December 2013
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
Great post Tuesday by our cousins at thebriberyact.com.
They said the U.K. government has been intervening with overseas governments on behalf of U.K. businesses reporting problems with local corruption.
‘Since the passing of the Bribery Act in July 2010,’ the post said, ‘there have been four cases where U.K.… Continue Reading