Caterpillar says uncovers accounting misconduct at Siwei

Published January 18, 2013

| Reuters

Caterpillar Inc on Friday said it had uncovered a "deliberate, multi-year, coordinated accounting misconduct" at a subsidiary of a Chinese company it recently acquired.

Caterpillar said it would take a charge of $580 million in the fourth quarter of 2012.

(Reporting by Ben Berkowitz; Editing by Gary Hill)

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