Alcoa has agreed to pay $85 million to settle allegations that the aluminum manufacturer and related companies paid millions in bribes that resulted in a Bahrain-controlled company overpaying for raw materials.
October 10, 2012 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Alcoa has agreed to pay $85 million to settle allegations that the aluminum manufacturer and related companies paid millions in bribes that resulted in a Bahrain-controlled company overpaying for raw materials.
Alcoa agreed to pay $85 million in cash to Aluminium Bahrain BSC, or Alba, without admitting liability. Separately, it resumed a long-term agreement to sell raw materials to Alba, which owns one of the largest aluminum smelters in the world.
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