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Entries in Bahrain (26)

Tuesday
Jun172014

Study: Anti-graft rage fuels global jihad

We've talked about graft as a cause of war. Now the Carnegie Endowment for International Peace has weighed in. It published a landmark study this month called Corruption: The Unrecognized Threat to International Security. Every policy-maker should read it, more than once.

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Tuesday
Jan282014

Akin Gump faces UK sanctions hearing for possible 'misconduct,' Dahdaleh lawyers say

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.

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Thursday
Jan232014

Alcoa discloses payment terms of $384 million FCPA settlement

Image courtesy of AlbaHere'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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Thursday
Jan092014

Alcoa settles FCPA charge, pays $384 million to DOJ, SEC

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. Alcoa World Alumina LLC, a majority-owned subsidiary, will pay a criminal fine of $209 million and forfeit $14 million to settle the DOJ’s charges. Alcoa Inc., the corporate parent, also agreed to resolve civil charges brought by the Securities and Exchange Commission by disgorging $161 million.

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Wednesday
Dec112013

SFO on Dahdaleh: ‘No aspect of this investigation was outsourced’

This was released Tuesday by the U.K. Serious Fraud Office:

                ________

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.

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Tuesday
Dec102013

Dahdaleh prosecution collapses, key witnesses from Akin Gump refuse to testify

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. Serious Fraud Office.

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Wednesday
Nov062013

Former Alcoa agent Dahdaleh accused in U.K. corruption trial

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.

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Friday
Jul122013

Alcoa partner talks about possible FCPA settlement

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.

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Wednesday
Oct102012

Alcoa, Alba settle bribes suit

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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Wednesday
Sep192012

U.K. government helps companies fight overseas graft

Great post Tuesday by our cousins at thebriberyact.com.

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