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Thu 28 Feb 2008 10:49 AM

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Alcoa faces Bahrain bribery allegations

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)

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