A billionaire businessman accused of bribing officials in Bahrain, including a prominent member of the country’s royal family, was granted bail Monday by a British court in exchange for a 10 million pounds ($16 million) security bond.
Victor Dahdaleh, 68, who is British and Canadian, is charged with corruption offenses related to contracts between Bahrain’s state-owned aluminum manufacturer and the U.S.-based Alcoa Inc.
Prosecutors alleged that the offense, linked to payments for the shipments of the raw material alumina to Bahrain from Australia, took place between 2001 and 2005.
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