(Alliance News) - The UK Serious Fraud Office has charged three former executives of G4S Care & Justice Services (UK) Ltd with multiple offences relating to a scheme to defraud the Ministry of Justice.
G4S Care & Justice Services (UK) Ltd is part of London-based security services company G4S PLC and provides private care and justice services including custody, rehabilitation, and detention. Its businesses are concentrated in Australia and the UK.
The three G4S Care & Justice executives charged are: Richard Morris, former managing director; James Jardine, former finance manager and acting commercial director of the electronic monitoring business; and Mark Preston, former commercial director of electronic monitoring.
The SFO charged the former executives with fraud against the UK taxpayer. Morris, Jardine, and Preston all appeared for their first hearing at Westminster Magistrates' Court on Tuesday and will appear at Southwark Crown Court October 6.
Shares in G4S were down 2.9% at 137.55 pence in London on Tuesday afternoon.
By Anna Farley; annafarley@alliancenews.com
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