Serco staff were fabricating invoices worth £500,000 a month to “soak up” excess profits made from an offender tagging contract, according to evidence published by the Serious Fraud Office.
The details were published 48 hours after a trial against two Serco directors collapsed at Southwark Crown Court.
The false charges amounted to almost £15 million between August 2011 and January 2013. The outsourcer was originally contracted in 2005 to monitor electronic tags. Excess profits would be returned to the Ministry of Justice under a “value for money” clause.
A statement of facts, originally lodged by the SFO in 2019 but restricted from publication until yesterday, showed that Serco was making excess profits from an early point in the contract.
No surprise here in West Lancashire?