Thursday 31 July 2014

Hold Bahraini Royal Family Member Accountable In The Alba Corruption Case | #Bahrain Center for Human Rights

Hold Bahraini Royal Family Member Accountable In The Alba Corruption Case | Bahrain Center for Human Rights:



"On July 22, 2014, a UK court announced decision to jail Bruce Hall, former CEO of Aluminum Bahrain's (Alba), the world's fourth-largest aluminum smelter, for conspiracy to corrupt, in relation to contracts for the supply of goods and services to Alba[1]. In contrast, Sheikh Isa bin Ali Al-Khalifa, a member of the Bahraini royal family and, at the time, Bahrain's minister of Industry and Alba's chairman, who was named co-conspirator, and who’s acts of bribery were recognized by the UK Serious Fraud Office (SFO) has faced no consequences in Bahrain.



The SFO has investigated and stated that Hall was engaged in a series of corrupt payments between 2002 and 2005, including 10,000 Bahraini Dinars from Sheikh Isa bin Ali Al-Khalifa who had paid Hall the money in return for Hall's agreement to allow the corrupt arrangements that Sheikh Isa had been involved in before Hall were to continue as CEO[2].



In this same conspiracy, Sheikh Isa was involved in a series of bribes with billionaire Victor Dahdaleh and former agent of American aluminum company Alcoa. In 2013, Dahdaleh admitted paying the then-Chairman of Alba, Sheikh Isa, USD 67 million dollars between 1998 and 2006 in exchange for a reduction in supply of contracts for companies including Alcoa, which were worth over USD 3 billion dollars. His defense said that the payments were part of Bahraini "custom and practice" and were approved by the Prime Minister Sheikh Khalifa bin Salman al-Khalifa, another royal family member. Isa bin Ali Al-Khalifa is also the son-in-law of Khalifa bin Salman AlKhalifa. Letters which show approval of Sheikh Khalifa on key business decisions were presented to the court.[3] Additionally, Jawad Salem Al-Arrayed, one of the five deputy prime ministers in Bahrain wrote a letter which confirmed that the authorities had known and approved of the payments made to the member of Bahrain’s royal family.[4]"



'via Blog this'

No comments:

Post a Comment