Business

Serco staff wrote fake invoices worth £500,000 a month

Serco staff wrote fake invoices worth £500,000 a month in failed bid to defraud the taxpayer

Serco staff cooked up fake invoices worth £500,000 a month at the height of an ill-fated attempt to defraud the taxpayer, it has been revealed.

The company had a contract with the Ministry of Justice to monitor electronically-tagged offenders, awarded in 2005.

This had a clause requiring it to pay back excess profits to the Government.

Fake invoices: Serco had a contract with the Ministry of Justice to monitor electronically-tagged offenders, awarded in 2005

Fake invoices: Serco had a contract with the Ministry of Justice to monitor electronically-tagged offenders, awarded in 2005

But between August 2011 and January 2013 it tried to hide these takings by creating false charges worth nearly £15million. 

The Serious Fraud Office (SFO) said that for one period of six months ‘£500,000 per month’ was being falsely charged.

However the company was later investigated and agreed to pay a £23million out-of-court settlement. 

Details were revealed for the first time yesterday after reporting restrictions lifted. 

That followed the embarrassing collapse of the SFO’s prosecution of two former Serco executives.


Source link

bourbiza

Bourbiza Mohamed. Writer and Political Discourse Analysis.

Related Articles

Leave a Reply

Back to top button