Saturday 3 March 2012

Bahrain's Alba fights to continue US bribery case - Sport - ArabianBusiness.com

Bahrain’s state-owned aluminum producer has asked a court to let it proceed with racketeering claims that it overpaid for raw materials because of bribes directed by Alcoa Inc, the largest US aluminum producer.
Aluminium Bahrain, known as Alba, claims that New York-based Alcoa bribed senior officials in Bahrain and caused Alba to pay almost $500m more than it should have for alumina, the principal raw material in aluminum.
Alcoa has asked a judge to dismiss the case, arguing that the alleged conduct took place outside the US and shouldn’t be litigated in federal court.

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