Aluminum giant Alcoa Inc. will pay $384 million to settle charges by the U.S. Department of Justice and U.S. Securities and Exchange Commission that the company violated the Foreign Corrupt Practices Act.
January 09, 2014 at 01:08 PM
1 minute read
The original version of this story was published on National Law Journal
Aluminum giant Alcoa Inc. will pay $384 million to settle charges by the U.S. Department of Justice and U.S. Securities and Exchange Commission that the company violated the Foreign Corrupt Practices Act.
The government charged Alcoa subsidiary Alcoa World Alumina LLC with paying more than $110 million in bribes through an international middleman in London to officials of the Kingdom of Bahrain.
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