Alcoa Sued for Fraud and Bribery

Alcoa was sued by a metals company controlled by the Persian Gulf nation of Bahrain for at least $1 billion on claims of fraud and bribery of officials overseas.

Aluminium Bahrain, or Alba, sued Alcoa in federal court in Pittsburgh on Wednesday, claiming it was overcharged for 15 years for alumina, an ingredient used to make aluminum. Alba, the 10th-largest aluminum producer, claims Alcoa bribed unidentified Bahraini government and company officials to get business. Alcoa is the world's largest producer of alumina and third-largest aluminum producer.