The formal DPA judgment will be handed down at a hearing at Southwark Crown Court on Thursday 4 July.
If approved, the DPA will result in a payment by Serco of £19.2m and payment of the SFO’s costs. Compensation to the victim of the conduct, the Ministry of Justice (MoJ), has already been paid by Serco as part of a £70m civil settlement in 2013.
The is the UK's 5th DPA and it is a further example of the use of criminal law to tackle unethical, dishonest and illegal business practices.
The Director of the Serious Fraud Office, Lisa Osofsky said:
“SGL engaged in a concerted effort to lie to the Ministry of Justice in order to profit unlawfully at the expense of UK taxpayers. The SFO will pursue those who engage in this sort of criminal conduct so that they are held to account."