Alcoa faces $384 million fine for FCPA violations

The government claims Alcoa bribed Bahraini officials for a key aluminum contract

Foreign Corrupt Practices Act (FCPA) enforcement may have been down by two-thirds in 2013, but the SEC and DOJ are already getting off to a hot start in 2014.

The SEC and DOJ announced on Jan. 9 that they have brought civil and criminal charges against aluminum producers Alcoa Inc., claiming that Alcoa paid more than $110 million to Bahraini officials in order to secure a key aluminum contract in the country.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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