Federal Grand Jury Looking Into Caterpillar’s Finances
A federal grand jury is investigating “financial information” in Caterpillar’s domestic and international operations and subsidiaries, according to regulatory documents filed this week.
The maker of heavy machinery said it received a subpoena Jan. 8 asking for information “concerning the movement of cash among U.S. and non-U.S. subsidiaries,” according to a filing Tuesday with the Securities and Exchange Commission.
The company also revealed that in September, the SEC said it would investigate its structured-finance subsidiary Caterpillar SARL, based in Switzerland.
Caterpillar said it is cooperating with the investigations, and the company said it doesn’t believe they will have a material effect on the company’s finances.
The investigation was first reported by the Herald & Review in Decatur, Ill.
This article appeared in print in edition of Hamodia.
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