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G4S and Serco under fire amid new fraud allegations
G4S referred to the Serious Fraud Office for a second time

Shady security privateers Serco and G4S took a hammering yesterday after a review into their combined £5.9 billion worth of government contracts unearthed shocking behaviour by the two firms.

Serco has agreed to repay the government £68.5 million for overcharging on tagging contracts - including for offenders who were back in prison, overseas or dead.

G4S has not agreed to give any money back, but discussions continue.

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