Antimonopoly watchdog launches case against Russian LG subsidiary
MOSCOW, June 28 (RAPSI) - The Federal Antimonopoly Service (FAS) of Russia has opened a case against LG Electronics RUS over alleged price collusion, the watchdog announced in its Telegram Channel on Wednesday.
According to the FAS statement, the company was monitoring retailers with the use of a special program for the control of prices for certain LG smartphones.
Moreover, LG subsidiary regularly received reports on prices from retailers, which also used “price robots” for the price control, the watchdog announced.
In February, FAS conducted inspections in the Russian-based offices of LG and Philips companies on suspicion of price collusion during sales of technology. Audits were reportedly carried out in technology companies concerning alleged price fixing since 2016.
FAS also inspected Samsung, Alcatel, Sony, Asus and found no violations of smartphones’ pricing.