Caterpillar Inc. says a federal grand jury is investigating the Peoria based company's financial dealings in the U.S. and abroad.
The heavy machinery maker says it got a subpoena Jan. 8 asking for information relating to "the movement of cash among U.S. and non-U.S. subsidiaries." Caterpillar says it's cooperating with the investigation.
The investigation was revealed by Caterpillar in a document filing Tuesday with the Securities and Exchange Commission. Caterpillar also disclosed that the federal agency told the company in September that it was conducting an "informal investigation" into its structured finance arm.
Caterpillar drew criticism in a congressional report last year, which said the company had bilked the federal government out of $2.4 billion in taxes by shifting profits overseas. Caterpillar executives said in hearing that the company pays everything it owes.
