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G4S Chief Admits Olympic Fiasco Has Embarrassed UK

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G4s Chief Executive Nick Buckles (C) leaves Parliament on July 17, 2012 in London, England. Mr Buckles faced questions from Members of Parliament over G4s' failure to provide enough security guards for the London 2012 Olympics  (Photo by Peter Macdiarmid/Getty Images)

G4s Chief Executive Nick Buckles (C) leaves Parliament on July 17, 2012 in London, England. Mr Buckles faced questions from Members of Parliament over G4s’ failure to provide enough security guards for the London 2012 Olympics (Photo by Peter Macdiarmid/Getty Images)

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LONDON (AP) — The chief executive of the G4S security group acknowledged Tuesday that his company’s failure to live up to its Olympic obligations has turned into a nationwide humiliation.

Quizzed by a panel of angry British lawmakers over his company’s failure to recruit enough people to guard the games, Nick Buckles gave a groveling mea culpa.

“It’s a humiliating shambles for the country, isn’t it?” asked Labour lawmaker David Winnick.

“I cannot disagree with you,” Buckles said.

Buckles was hard-pressed to explain why his company had failed to inform officials until only two weeks before the start of the 2012 Olympic Games that its recruitment had failed – forcing the government to call in 3,500 extra soldiers and police from various forces to fill the gaps.

G4S says it expects to lose between 35 million pounds and 50 million pounds ($54 million-$78 million) on the contract, which is equal to about 12 percent of its annual profit.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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