An aluminum company controlled by the Bahrain government filed a federal racketeering claim against Alcoa Inc. (AA).
Aluminum Bahrain BSC filed a Racketeer Influenced and Corrupt Organizations (RICO) document in the US District Court in its nearly 4-year lawsuit against Alcoa.
The company, also known as Alba, is one of the world’s largest aluminum smelters. Alba claimed in court documents that Alcoa reaped more than $400 million in illegal profits by overcharging for alumina, which is used to make aluminum. Further, the profit was used to pay bribes to senior executives of Alba and the Bahrain government.
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