Inside the hidden world of private security company deals

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ANALYSIS: Inside the hidden world of private security company deals

BOILER-PIPE: The decision raised eyebrows. Aegis was run by a former British soldier, Tim Spicer, who had long been embroiled in scandal. His first company, Sandline, had been awarded a large country by the Papua New Guinean government in the mid-1990s. The details of the contract were leaked to the public and the PNG army revolted, leading to Spicer's arrest and incarceration.

Other companies began working in Iraq on conventional security contracts but ended up performing military interrogations. Wake-up call So what lessons should the experience of private security contracting have revealed? There are two areas that all those seeking to contract with a private security provider should investigate.

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