Alcoa, the US aluminum company, has been accused of a 15-year conspiracy involving overcharging, fraud and bribery by a company controlled by Bahrain, according to the Wall Street Journal on Thursday.
Aluminum Bahrain (Alba) has alleged in a lawsuit filed in a US federal court that Alcoa steered payments for an aluminum precursor ingredient to a group of companies abroad, in order to pay kickbacks to a Bahrani government official.
The firm also alleged that Alcoa had overcharged it for the precursor material, alumina.
Alcoa was not immediately available for comment. (Reuters)For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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