G4S Care and Justice Services (UK) Ltd Agrees Deferred Prosecution Agreement With UK Serious Fraud O
The DPA relates to G4SCJ’s electronic monitoring contracts. Under the DPA, G4SCJ has taken responsibility for three offences of fraud between
The DPA is a voluntary agreement under which G4SCJ will not be prosecuted provided the business fulfils certain requirements, including paying a financial penalty of £38.5m, plus a payment of £5.9m in respect of the SFO’s costs. This fine reflects a discount of 40% as a result of G4SCJ’s substantial cooperation with the SFO’s investigation. No damages or disgorgement of profit are payable because the terms of the DPA provide that G4SCJ fully compensated the Secretary of State for Justice as part of a £121m settlement entered into in
The SFO has recognised the significant steps taken by the board and management of G4S to reform the Company since 2013. These steps have included making substantial changes to its senior management and that of G4SCJ, the adoption and implementation of a corporate renewal programme approved by the
Under the DPA, G4SCJ has agreed to various measures in relation to the continued implementation and external review of its programme of corporate renewal. Alongside the DPA, G4S itself has assumed certain obligations to ensure the progression of that programme.
“The behaviour which resulted in the offences committed in 2011 and 2012 is completely counter to the Group’s values and standards and is not tolerated within G4S. We have apologised to the
We have made significant progress in embedding these standards throughout the Group and we are pleased that this has been acknowledged by the SFO and the
Resolving this long-standing matter brings certainty to G4S and allows us to focus on delivering innovative and valuable services to our customers in order to grow our business. This represents an important milestone for the Group.”
This announcement contains inside information and the person responsible for making this announcement is Celine Barroche, Company Secretary.
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