G4S has been hit by a £136 million in losses relating to providing tagging services in the UK including a contract to provide tagging services to the justice department.

The amount of £136 million comes after a review of multiple electronic tagging contracts in the UK spanning a 9 year period.

The £136 loss includes a fee of £24.1 million in repayments to the Ministry of Justice following findings of overpayments by the government due to G4S billing practices.

G4S Chief Executive Officer Ashley Almanza said: “This has been an extremely challenging year for G4S. We have taken clear action to address longstanding issues and have introduced wide-ranging changes to strengthen our business.”

G4S and Serco criticised by government watchdog

G4S and Serco to lose MoJ tagging contracts