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US investigates tech firms SAP, Carahsoft for potential price-fixing, Bloomberg News reports
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US investigates tech firms SAP, Carahsoft for potential price-fixing, Bloomberg News reports
Sep 26, 2024 10:18 AM

Sept 24 (Reuters) - The U.S. is investigating several

companies, including German software developer SAP SE

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.

(Reporting by Angela Christy in Bengaluru; Editing by Abinaya

Vijayaraghavan)

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