G4S Secure Solutions N.V. in Belgium (“G4S Belgium”) enters intoPlea Agreement with the US Department of Justice

G4S Belgium announces that at 0800hrs ET today, it entered into a plea agreement with the US Department of Justice Antitrust Division (DOJ) relating to an investigation of the security industry in Belgium.

Under the plea agreement, G4S Belgium has agreed to plead guilty to a one-count Sherman Act violation in relation to bid co-ordination, in particular on two specific tenders for contracts for the provision of services in Belgium. As a result of the plea agreement, G4S Belgium will pay a fine of $15 million which reflects a 30% discount for G4S Belgium’s timely and full cooperation with the DOJ investigation.

By entering into the plea agreement, G4S Belgium has secured a full and final settlement of this matter with the DOJ. G4S Belgium continues to cooperate with the Belgian Competition Authority.

A spokesperson for G4S Belgium said:
“The unacceptable behaviour which led to the offences outlined in the plea agreement is completely against the company’s values and standards and is not tolerated anywhere within G4S. We have strengthened our policies, practices and controls to ensure that our business is always conducted in a manner which is consistent with our values.”