By Yinka Adegoke
Aluminum Bahrain accuses US company of 15-year overcharging, fraud and bribery conspiracy.
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)