Tuesday, 12 June 2012

UPDATE 1-US court rejects Alcoa bid to dismiss Bahrain bribe case | Reuters

A U.S. federal court on Monday rejected aluminum maker Alcoa's bid to dismiss a racketeering lawsuit related to its shipments to Aluminium Bahrain (Alba), according to a written ruling in the case.

In the lawsuit, filed in Pittsburgh federal court in Pennsylvania, Alba accused Alcoa of conspiring with businessman Victor Dahdaleh to orchestrate bribes in Bahrain and to overcharge Alba for alumina, a material used to make aluminum.

Alcoa had argued that the Racketeer Influenced and Corrupt Organizations Act, known as RICO, could not be applied to the case because it involved foreign entities.

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