Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » US investigates tech firms SAP, Carahsoft for potential price-fixing, Bloomberg News reports By Reuters
    News

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

    userBy userSeptember 25, 2024No Comments1 Min Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    (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 run-ins with the Justice Department, and earlier this year the German technology giant agreed to pay about $222 million to resolve investigations into bribery schemes in seven countries.





    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleFirst former Singapore minister on trial for graft pleads guilty By Reuters
    Next Article New record highs as Nvidia surge offsets weak consumer sentiment
    user
    • Website

    Related Posts

    Is the Lloyds share price offering investors a bargain in 2025?

    May 27, 2025

    £10,000 invested in Apple stock 3 months ago is now worth…

    May 27, 2025

    Up 45% with a P/E just over 12 – this FTSE 250 stock is on fire!

    May 27, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d