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Caterpillar Inc.
Caterpillar firm probed for possible fraud, dumping in ocean
Caterpillar firm probed for possible fraud, dumping in ocean

Investigators from the U.S. attorney's office for the Central District of California are looking into whether a Caterpillar subsidiary may have dumped train parts in the ocean near the Port of Long Beach as part of a scheme to conduct fraudulent train repairs, according to a regulatory filing and newspaper report.  Caterpillar Inc. disclosed in a filing with the Securities and Exchange Commission three weeks ago that Progress Rail, a rail and locomotive repair firm it acquired in 2006, was being investigated for possibly improperly disposing of train parts, equipment and other items.  The Wall Street Journal, citing anonymous sources, first reported Friday that Progress...

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