Security Firm CEOs Step Down Amid UK Contract Scandal

Law360, New York (October 25, 2013, 3:57 PM EDT) -- The respective chiefs of two rival security firms have resigned amid controversy over allegations that they overcharged the U.K.'s Ministry of Justice millions of British pounds for an electronic prisoner tagging contract, the companies announced Friday.

Serco Group PLC announced the resignation of CEO Christopher Hyman in a statement, citing the company's objective of rebuilding its relationship with the British government following fraud accusations surrounding a £700 million ($1.1 billion) contract for criminal tagging — a form of nonsurreptitious surveillance consisting of an electronic device attached to a...
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