Home / Business and Economy / HP India guilty of bid rigging: regulator
HP India guilty of bid rigging: regulator
14 Jul
Summary
- India's regulator found HP guilty of rigging bids.
- HP India dictated bid prices to its resellers.
- The company and 21 resellers were fined $15 million.
India's Competition Commission has penalized HP India and 21 of its resellers for rigging bids on the government's electronic procurement platform. The investigation covered tenders for personal computers and printer consumables issued between 2017 and 2020.
HP India was found to have dictated bid prices to its resellers and selectively withheld authorization documents. These actions allowed the company to control which resellers could compete for government contracts, thereby manipulating the bidding process.
The regulator has ordered HP India and the implicated resellers to cease these anti-competitive practices. Penalties totalling $15 million have been imposed on the involved parties for their role in the bid-rigging scheme.
