CAPITAL MARKETS

Q4 net loss and $432M in bribery fines for Alcoa

ALCOA has posted a net loss for the quarter after agreeing to settlement payments totalling $US384 million ($A432.3 million) to the US government relating to charges over legacy alumina contracts.

Justin Niessner

Q4 net loss and $432M in bribery fines for Alcoa

The company pleaded guilty to one count of violating US anti-bribery law and agreed to pay $223 million to the US Department of Justice. The company also settled to pay the US Securities and Exchange...

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