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Govt rejects G4S credit offer

The Government has rejected an offer from security firm G4S to repay the £24m it owes for overcharging in credit notes

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G4S to repay Government £24.1 million in credit notes

G4S said it will give credit notes worth £24.1 million to the Government after an independent review found the security firm had overcharged for its electronic tagging contracts.

G4S said it has apologised to the Government. Credit: PA Wire

The firm said the review of the contract showed that its justice division had "wrongly considered itself to be contractually entitled" to bill the Government, but stressed there was no evidence of dishonesty or criminal conduct.

Electronic tagging contracts run by G4S and rival firm Serco are currently under a criminal investigation by the Serious Fraud Office.

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