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Mexico's antitrust watchdog fines nine firms 67 million pesos for rigging tech contracts at Pemex, IMSS and ISSSTE

TechnologyInternationalEl Financiero35 s readAI summary
Image: El Financiero

Mexico's National Antitrust Commission fined nine companies and their executives 67 million pesos for simulating competition in federal government technology contracts, leading agencies including Pemex, IMSS, ISSSTE, Conagua and the Economy Ministry to pay overcharges above 40%. According to the authority, the companies, part of the so-called Grupo Soluciones, coordinated bids for a decade, between 2012 and 2022, in 14 procurement procedures for computers, printers and telecommunications equipment.

In 35 seconds

  • Mexico's National Antitrust Commission fined nine companies and their executives 67 million pesos for absolute monopolistic practices.
  • The firms coordinated bids between 2012 and 2022 in 14 public procurement procedures for technology equipment and services.
  • Affected agencies paid overcharges above 40%, including Pemex, IMSS, ISSSTE, Conagua and the Economy Ministry.
Read the full story at El Financiero

IASummary generated by artificial intelligence from a story by El Financiero. It may contain errors: the original source prevails.

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