The Serious Fraud Office on Monday said Victor Dahdaleh, Alcoa’s former agent for sales to Bahrain, was arrested in London and charged with corruption.
Dahdaleh, 63, a dual citizen of Britain and Canada who lives in Belgravia, London, is alleged to have bribed officials of Aluminium Bahrain B.S.C.… Continue Reading
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.”… Continue Reading
Last February, Aluminum Bahrain BSC, or Alba for short, made big headlines by filing an explosive federal lawsuit against Alcoa. Bahrain-owned Alba accused its long-time U.S. supplier of overcharging for raw materials during a 15-year period, and using some of the money to bribe Alba’s executives for more contracts.… Continue Reading
It was just two weeks ago that we were waxing about the quiet times for FCPA watchers, due to the temporary bottleneck in the appointment of corporate monitors. But come to think of it, the Justice Department’s Fraud Section, the group in charge of FCPA enforcement, has a lot on its mind right now.… 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