US investigates tech firms SAP, Carahsoft for potential price-fixing, Bloomberg News reports By Reuters

Date:

(Reuters) – The U.S. is investigating several companies, including German software developer SAP SE (ETR:) and Carahsoft Technology, for potentially conspiring to overcharge government agencies over the course of a decade, Bloomberg News reported late on Tuesday.

The U.S. Department of Justice (DOJ) lawyers have been investigating since at least 2022 whether SAP illegally conspired with the IT solutions provider to fix prices on sales to the U.S. military and other government entities, the report said, citing federal court records filed in Baltimore.

SAP, Carahsoft, and the DOJ did not immediately respond to requests for comment outside regular business hours.

Earlier in the day, Bloomberg reported that U.S. federal agents searched the Washington-area offices of Carahsoft. A Carahsoft representative told Bloomberg that the investigation was into a company with which Carahsoft has done business in the past.

SAP has had previous…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...