Former Serco chiefs cleared of MoJ fraud

Two former Serco chiefs have been cleared of defrauding the MoJ over the private security firm’s electronic tagging contract after the Serious Fraud Office dropped the case. Nicholas Woods, 51, and Simon Marshall, 59, were alleged to have encouraged a man, who cannot be named, to submit fictional costs to the MoJ between 2011 and 2013. Woods was the former finance director of Serco Home Affairs and Marshall, the former operations director of field services. The pair were accused of…