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Violation Tracker UK Individual Case

Company: Serco Geografix Ltd
Current Parent CompanySerco Group
Parent at the Time of the Penalty Announcement: Serco Group
Penalty: £91,400,000
Year: 2019
Date: 4 July, 2019
Offence Group: financial offences
Offence Type: fraud
Violation Description: In entering a deferred prosecution agreement, SGL took responsibility for three offences of fraud and two of false accounting arising from a scheme to dishonestly mislead the Ministry of Justice as to the true extent of the profits being made between 2010 and 2013 by SGL's parent company, Serco Limited (SL), from its contract for the provision of electronic monitoring services. The company had already paid £68.5 million in restitution for the overcharges discovered in a 2013 audit.
Settlement Type: deferred prosecution agreement
Agency: Serious Fraud Office
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: miscellaneous services
Specific Industry of Parent: outsourced government services
Source of Data(click here)
Source Notes: Penalty amount includes the £22.9 million fine for the settlement with a Serious Fraud Office, and the £68.5 million restitution paid to the Ministry of Justice in 2013.