Reuters
Economy
RPT-Caterpillar says uncovers accounting misconduct at Siwei
Fri, Jan 18 17:46 PM EST

Jan 18 (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.


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