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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.”
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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