Alcoa Bribery Case
Former Alcoa (NYSE:AA) agent Victor Dahdaleh has reportedly had more evidence gathered against him in a bribery and money laundering case related to alleged bribes offered to government officials of Bahrain, in exchange for doing business in the country, which would put him in violation of the 1977 U.S. Foreign Corrupt Practices Act.
The company involved from the Persian Gulf country of Bahrain is Aluminum Bahrain BSC, a manufacturing company owned by the government.
Also known as Alba, the company is among the largest aluminum smelters in the world.
U.S. officials are now searching whether executives at Alcoa knew about the alleged kickbacks, or Dahdaleh was acting on his own.
Dahdaleh has ties to liberal U.K. Labor Party politicians and former President Bill Clinton.
Alcoa Bribery Case
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