Alcoa, Aluminium Bahrain Reach $85 Million Settlement Over Bribery Allegations

Alcoa has agreed to pay $85 million to settle allegations that the aluminum manufacturer and related companies paid millions in bribes that resulted in a Bahrain-controlled company overpaying for raw materials. Alcoa agreed to pay $85 million in cash to Aluminium Bahrain BSC, or Alba, without admitting liability. More on Law.com and on previous January 2012 blog. Alcoa is a Global Compact participant since 2009/09/23. Alcoa was a USD 10,000 contributor for the Global Compact Foundation in 2010.