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UK case against Victor Dahdaleh collapses
UK Serious Fraud Office case against British-Canadian businessman Victor Dahdaleh collapses
Associated Press
2013-12-10 11:42 PM

LONDON (AP) -- The U.K. case against Canadian-British billionaire Victor Dahdaleh has collapsed, clearing the tycoon of allegations he bribed senior officials at Aluminium Bahrain BSC, known as Alba.

The Serious Fraud Office said Tuesday it offered no evidence against Dahdaleh, having concluded there was no realistic prospect of conviction. The case fell apart after a key witness changed his story and two American witnesses refused to take part.

Dahdaleh is the chairman of metals and chemicals firm Dadco and has been active in politics on both sides of the Atlantic. He has contributed to the London School of Economics and McGill University in Montreal.

The collapse of the case will be hugely embarrassing to the SFO, which is seeking to rebuild its reputation under new leadership.

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