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G4S drops tagging contract bid after overcharging error

Private security firm G4S has pulled out of bidding for new contracts for tagging criminals following an overcharging scandal.

G4S had initially refused to withdraw from the process despite revelations that the firm, along with its rival Serco, had been overcharging the Government by millions of pounds for the electronic tagging of criminals.

Private security firm G4S has pulled out of bidding for new contracts for tagging criminals. Credit: PA Wire

Justice Secretary Chris Grayling said he was pleased that the company had decided to withdraw from the bidding process but revealed the company would still face a review into its deals with the Government:

"I am glad they have decided to withdraw now. We can now get on with awarding that contract, which will improve the monitoring of offenders and deliver savings for the taxpayer. Our concerns regarding the billing for the electronic monitoring contract still need to be addressed."