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Can Alcoa Fight Off the Feds?
Oleh:
Burke, Doris
;
Bandler, James
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 166 no. 3 (Aug. 2012)
,
page 55-57.
Topik:
Foreign Corruption Cases
;
Bribery
;
Metal Industry
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.48
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
A four-year investigation of alleged kickbacks paid by an agent for the metals giant in Bahrain reveals the challenges of foreign corruption cases -- and how hard it can be to determine what happened in murky deals in distant lands. It isn't every day that a foreign company volunteers, to the U.S. Department of Justice, a tale of rampant illegality allegedly perpetrated by a Fortune 500 corporation. So imagine prosecutors' surprise when Aluminium Bahrain, a company controlled by that country's government, implicated Alcoa -- and its own former officials -- in massive corruption. Its claim: Alcoa's agent had systematically bribed top Bahraini officials, who in exchange paid inflated prices for Alcoa alumina, a key material in aluminum production. Over two decades, the Bahrainis charged, the fraud cost their company more than $420 million.
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