G4S plc, the global integrated security company, notes the announcements and statements made today by the Ministry of Justice (MoJ) and the Cabinet Office.
G4S has worked closely with the MoJ and Cabinet Office on an extensive review of its major contracts since July this year. This review is now complete and, with the exception of two court facilities management (FM) contracts, it has not identified any significant issues. The information available to G4S indicates that any financial exposure on the court FM contracts is not expected to be material to the Group.
G4S also notes the decision by the MoJ to refer the court FM contracts to the Serious Fraud Office (SFO) to consider whether it should investigate matters related to these contracts. The MoJ has advised G4S that the Ministry does not have any evidence of dishonesty in relation to these contracts. Furthermore, G4S has no evidence of such conduct.
The cross Government review found no evidence of deliberate acts or omissions by G4S in relation to charging and billing arrangements on its major contracts.
G4S places the highest premium on adherence to its company values, including customer service and integrity. We take the MoJ’s concerns very seriously and the company has recently strengthened the service management team on the court FM contracts and continues to work closely with the MoJ to ensure that G4S delivers a facilities management service to the courts that reflects the high standards of performance which G4S expects to provide to all customers.
G4S continues to engage constructively with Her Majesty’s Government regarding the Electronic Monitoring contracts.