Canadian Billionaire Arrested for Corruption in UK
October 26th, 2011Via: The Canadian Press:
A Canadian billionaire with ties to powerful business and world leaders, including Bill Clinton and Tony Blair, has been arrested in Britain and is facing corruption charges.
Victor Dahdaleh, 68, former president of the Canada-U.K. Chamber of Commerce and a McGill University benefactor, is alleged to have paid bribes to officials of an aluminium company in Bahrain between 2001 and 2005.
Police allege that the payments were in connection with contracts with U.S. aluminum maker Alcoa Inc., for supplies of alumina shipped to Aluminium Bahrain, a smelting company with a majority state ownership.
Dahdaleh, who was born in Jordan and holds dual Canadian and British citizenships, has denied any wrongdoing.
“Mr. Dahdaleh believes the investigation into his affairs was flawed and that he has done absolutely nothing wrong,” his lawyers said in a statement Tuesday.
“He will be vigorously contesting these charges at every stage, confident in clearing his good name.”
The U.K. Serious Fraud Office, a British government department responsible for investigating and prosecuting serious and complex fraud, filed the charges against Dahdaleh on Monday.
They include corruption, conspiracy to corrupt and acquiring and transferring criminal property.
