13.07.2017

Weekly News Update

Credit: http://www.phnompenhpost.com/business/security-firms-grow-economy © Hong Menea

Cambodia (10.07.17): In an interview with the newspaper The Post, the managing director of Global Security Solutions (GSS) and a pioneer of private security in Cambodia, John Muller, discuss the development of the private security sector. Mueller established the first private security company in 1995 and there were no regulations in place, so he was able to convince the Cambodian government to adopt all the rules and regulations of US security standards. Mueller claims that the private security sector has grown from seven companies to 150 companies in the last two decades but declares that there needs to be a national private security training academy in place to ensure that the private security guards are licensed in the country.

 

Read article

 

United Kingdom (10.07.17): Critics have raised questions over a Ministry of Justice decision to award the private security firm, G4S, a £25m contract for the electronic tagging of offenders despite an ongoing Serious Fraud Office (SFO) Investigation. When a general ban was imposed on G4S and another security company, Serco in 2013, an SFO investigation into the allegations of overcharging in the main electronic monitoring contracts of offenders in England and Wales began. The shadow justice secretary, Richard Burgon, conveyed that it is difficult to believe that the government has given the private security company this contract whilst an investigation of its misconduct is ongoing. 

 

Read article

 

India (11.07.17):  Indian entrepreneur, Baba Ramdev, has ventured into the private security sector by his private security firm; Parakam Suraksha Private Ltd. Ramdev announced that the aim of his firm is to prepare individuals for the self and the country’s security. According to a study by the Federation of Indian Chambers of Commerce and Industry (FICCI), the private security business is growing at a rate of 40% with more than 5 million trained guards working in shopping malls, guarding individuals, security corporate offices among others. The FICCI report displays that the industry has increased from Rs 10,000 crore to Rs 40, 000 crore since 2006. 

 

Read article

 

South Africa (12.07.17):  Private Security Industry Regulatory Authority (PSIRA) officials and authorities are clamping down on firearms, alcohol and second-hand goods, carried out a raid at a security company based in Bellville, The Security Group (TSG) during a compliance inspection. There are claims that the security company has strong links to intelligence services and police in certain undisclosed operations. 

 

Read article