New twist as State cancels licenses for 9 private security firms
Nine major security companies have had their operating licenses cancelled over allegations of violating various regulations.
The Private Security Regulatory Authority (PSRA) gazetted the names of the companies highlighting their failures in a notice.
This is likely to affect their operations at large given they have employed thousands of people and are in business.
PSRA Director General Fazul Mahamed announced in the notice to appear in national newspapers.
“Take notice: the Authority shall be conducting periodic reviews of the compliance status of Private Security Companies with the provisions of the Act, consequently, the lists of registered private security service providers and those whose registration certificates have been cancelled shall be regularly updated,” he sa...