G4S pays £44m to settle prisoner tagging fraud case

G4S has agreed a preliminary deal with the Serious Fraud Office (SFO) to end an investigation into fraud offences related to the security outsourcer overcharging the Government to monitor electronically “tagged” offenders. Almost a decade ago the FTSE 100 company ran into trouble after it emerged that for years it had overcharged the taxpayer to monitor offenders. In some cases it is alleged that criminals thought to have been tagged turned out to be dead, back in prison or had their