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Ethics

: Ethisphere Blog - Good. Smart. Business. Profit.

Bahrain Metal Company Accuses Alcoa of Bribery and Fraud

By Ethisphere.com

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Alcoa was sued yesterday by Aluminum Bahrain BSC in a U.S. federal court for allegations of overcharging, fraud and bribery. Aluminum Bahrain BSC, better known as Alba, says it was overcharged by Alcoa for alumina (pictured), a key ingredient in creating aluminum. The company says it paid excesses of about $65 million per year for 15 years. Alba - which is majority owned by the Bahraini government - alleges that some of that excess money snaked its way (more…) read more

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Full post as published by Ethisphere Blog - Good. Smart. Business. Profit. on February 28, 2008 (boomark / email).

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