British and Canadian national Victor Michael Phillip Dahdaleh, 68, is alleged to have made payments of bribes to officials of Aluminium Bahrain (Alba).
The payments were in connection to contracts with US company, Alcoa Inc, for supplies of alumina shipped to Bahrain from Australia.
Further payments were also linked to the supply of goods and services to Alba with the period covered by the charges spanning from 2001 to 2005.
In total, Dahdaleh, who lives in Belgravia, London, was charged for corruption, conspiracy to corrupt and acquiring and transferring criminal property.
According to his personal website, Dahdaleh is a governor at LSE, as well as a member of the university’s Fundraising Campaign Committee.
He is the owner and chairman of nitrogen gas spring technology firm Dadco which boasts operations and investments in Europe, North America the Middle East, Africa and Australia.
The Victor Phillip Dahdaleh Charitable Foundation also grants scholarships to university students with financial difficulties and supports the Heart and Lung Foundation at Imperial College and Cancer Research.
The investigation – undertaken by the Serious Fraud Office (SFO) began in 2009 with assistance provided by the City of London Police Overseas Anti-Corruption Unit.
The SFO also liaised with the US Department of Justice and the Swiss Authorities as part of the enquiry.
Mr Dahdaleh was released on conditional police bail to appear at City of Westminster Magistrates’ Court on October 31.
By Andy Pearce