14th Nov 2013 06:49
LONDON (Alliance News) - Serco Group PLC has over GBP4 billion worth of contracts with the Ministry of Defence, the Financial Times reports Thursday citing figures it has seen, showing how enmeshed the troubled outsourcing group is with its government paymasters.
Information released by the MoD shows Serco?s deep ties with the defence department despite it being at the centre of seven separate investigations into the way it runs government contracts. However, the MoD figures show how hard it would be for Whitehall to disentangle itself from Serco given the group?s integral role in providing government services ? particularly to the defence department, the FT reports.
http://www.ft.com/cms/s/0/a3b1f7ca-4c70-11e3-923d-00144feabdc0.html?ftcamp=crm/email/20131114/nbe/UKMorningHeadlines/product#axzz2kbFf8gyd
By Steve McGrath; [email protected]; @stevemcgrath1
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