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24 February 2024

Alcoa faces Bahrain bribery allegation

Published
By Agencies

 

Alcoa, the US aluminium company, has been accused of a 15-year conspiracy involving overcharging, fraud and bribery by a company controlled by Bahrain, according to the Wall Street Journal on Thursday.


Aluminum Bahrain has alleged in a lawsuit filed in a US Federal court that Alcoa steered payments for an aluminium precursor ingredient to a group of companies abroad, in order to pay kickbacks to a Bahrani government official.

The firm also alleged that Alcoa had overcharged it for the precursor material, alumina.

Alcoa was not immediately available for comment. (Reuters)