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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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 Serious Fraud Office on Monday said Victor Dahdaleh, Alcoa's former agent for sales to Bahrain, was arrested and charged with corruption.