Securitas sets provision related to U.S. Government investigation in Paragon Systems, Inc.
Securitas sets a provision of approximately MUSD 53 (MSEK 551) related to the U.S. Government investigation into Paragon Systems, Inc, a U.S.-based subsidiary within the business unit Securitas Critical Infrastructure Services.As previously communicated, the U.S. Government is conducting an investigation into Paragon Systems, Inc, a U.S.- based subsidiary operating under a proxy agreement as required by the U.S. authorities to be eligible for U.S. government business. The investigation relates to alleged misconduct by certain former employees and to Paragon’s relationship with various small
