Alcoa World Alumina Agrees to Plead Guilty to Foreign Bribery and Pay $223 Million in Fines and Forfeiture

Alcoa World Alumina LLC, a majority-owned and controlled global alumina sales company of Alcoa Inc., has agreed to plead guilty later today and pay $223 million in criminal fines and forfeiture to resolve charges that it paid millions of dollars in bribes through an international middleman in London to officials of the Kingdom of Bahrain, in violation of the Foreign Corrupt Practices Act (FCPA). More on the U.S. Department of Justice website. Alcoa Inc. (AA:New York)(NYSE: AA) is a Global Compact participant since 23-09-2009. The company contributed to USD 10,000 to the Global Compact Foundation in 2010.