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FINANCIAL NEWS
Alcoa to pay USD384m settlement to bribery charges
11 Jan 2014
(MENAFN) Alcoa Inc has agreed to pay USD384 million to settle civil and criminal charges that the company’s subsidiaries bribed officials in Bahrain, Arabian Business reported.
The US Securities and Exchange Commission said Alcoa’s subsidiaries bribed Bahraini officials to retain the right to supply government-controlled Aluminium Bahrain.
Co-director of the SEC’s enforcement division said: “As the beneficiary of a long-running bribery scheme perpetrated by a closely controlled subsidiary, Alcoa is liable and must be held responsible.”
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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