UK Arrests Canadian Investor For Alleged Bahrain Bribes

Law360, New York (October 24, 2011, 5:07 PM EDT) -- British authorities on Monday arrested and charged prominent Canadian investor Victor Dahdaleh with bribing officials of a Bahrainian state-owned smelting company, the U.K.'s Serious Fraud Office said.

The 68-year-old Canadian and British national allegedly bribed officials at Aluminum Bahrain BSC in connection with an Alcoa Inc. contract for supplies of alumina shipped to Bahrain.

He also allegedly made payments related to contracts to supply goods and services to the smelting company, which goes by the name Alba. The bribery occurred from 2001 to 2005, the SFO...
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