Russian HP Subsidiary Fined for Price Fixing

Originally published at CPI.

Russia: HP subsidiary fined for price fixing

As CPI reports, The Federal Antimonopoly Service (FAS) has fined Russia’s subsidiary of Hewlett-Packard (HP) company 2.5 million rubles (US$40,000) for violation of competition legislation, the watchdog’s statement reads.

As the Federal Antimonopoly Service found, several computer companies signed an anti-competitive agreement which resulted in price fixing at an open e-auction to supply the computer systems for the Central Election Commission of Russia. The business activities of the firms were illegally coordinated by the Russian HP subsidiary, the FAS said.

According to Deputy FAS Director Andrey Tsarikovsky, HP provided its assistance in the watchdog’s investigation into the violation.