Alcoa World Alumina Pleads Guilty to Foreign Bribery and Will Pay $223 Million in Fines and Forfeiture

On January 9, 2014, Alcoa World Alumina LLC, a majority-owned and controlled global alumina sales company of Alcoa Inc., plead guilty and agreed to 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).[1]