The British capital’s transport regulator on Friday deemed Uber unfit to run a taxi service and decided not to renew its license to operate, which will end this week, citing the firm’s approach to reporting serious criminal offences and background checks on drivers.
London police complained this year that Uber, which is backed by Goldman Sachs ( GS.N ) and BlackRock ( BLK.N ), was either not disclosing, or taking too long to report, serious crimes including sexual assaults and that this put the public at risk.
The Mayor of London Sadiq Khan, a Labour politician who has criticized the firm in the past, backed TfL’s decision and attacked the Silicon Valley app’s response.
Uber, which began operating in London in 2012, has faced regulatory and legal setbacks around the world and has been forced to quit several countries including Denmark and Hungary.
Earlier this year, Italy briefly blocked Uber from operating, citing unfair competition, but lifted the prohibition a week later whilst in Taiwan, it resumed its services in April after talks with the island’s authorities, ending a two-month suspension.
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