A Reuters article says federal law enforcement officers have searched three Caterpillar manufacturing facilities in Illinois Thursday. A spokeswoman for the Central District U.S. Attorney’s Office says federal activity was conducted at locations in Peoria, East Peoria, and Morton, Illinois. Caterpillar spokeswoman Corrie Scott said in a statement that Caterpillar is cooperating with investigators, noting that “law enforcement is executing a search warrant.”

Agencies involved include the Internal Revenue Service, the U.S. Department of Commerce’s Bureau of Industry and Security’s Office of Export Enforcement, and the Federal Deposit Insurance Corporations’ Office of Inspector General. The Morton location oversees receiving and shipping replacement parts to parts facilities and Caterpillar dealers around the world.

Seven people in black coats that said, “IRS Special Agent” or “Police Federal Agent” were seen entering the building. Some were armed and some pulled black roller bags behind them. Caterpillar shares fell almost five percent in trading Thursday afternoon after the news broke.

Source;  NAFB News