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.
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If the cost of Avon's internal investigation is any indication of what's coming, its final deal with the feds is likely to make it onto our top ten list.
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.
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 . . . conceived, orchestrated, and directed in and from the United States.'
An Australian executive who once served as CEO of state-owned Aluminium Bahrain B.S.C. ("Alba") was charged on Wednesday in the U.K. with taking bribes.
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The Wall Street Journal's Joe Palazzolo reported Friday that Aluminum Bahrain BSC's civil suit against Alcoa has been reopened, and that Alcoa will ask that it be dismissed.
Did Alcoa's former super-agent Victor Dahdaleh, left, engineer his own arrest in London last week to avoid indictment and prosecution in the United States?
'Victor Dahdaleh, a billionaire Canadian businessman and philanthropist has dined with the Queen and played host to a U.S. President and British Prime Minister.'
The Serious Fraud Office on Monday said Victor Dahdaleh, Alcoa's former agent for sales to Bahrain, was arrested and charged with corruption.