Two former Serco executives have been charged by the Serious Fraud Office (SFO) over the company’s electronic tagging contract with the government.
Nicholas Woods, former finance director of Serco home affairs, and Simon Marshall, former operations director of field services at Serco, are charged with fraud by false representation and false accounting.
The charges relate to representations made to the Ministry of Justice between 2011 and 2013.
Woods also faces a charge of false accounting in relation to the 2011 accounts of a subsidiary, Serco Geografix.
The men will appear in court on a date to be fixed.
The SFO said: “The investigation remains active and we are unable to comment further at this time.”
It follows the completion of a deferred prosecution agreement (DPA) between the SFO and Serco Geografix, approved by a High Court judge in July.
Under the DPA, Serco Geografix was ordered to pay a financial penalty of £19.2m plus the SFO’s investigative costs of £3.7m.
That was in addition to the £12.8m compensation already paid by Serco to the Ministry of Justice as part of a £70m civil settlement in 2013.
A lawyer for Woods issued a statement saying that he denied the allegations.