2017 Flashback: Federal officials from the IRS & FDIC & Commerce Department raid Caterpillar Inc, a company Trump said he "loves"

[basquebromance]

No arrests were made. does this remind you of anything? abolish the deep state now!

Feds dig in: Agents raid Trump-touted Caterpillar

President Trump’s “love” of Caterpillar, Inc. apparently wasn't deep enough to spare the Illinois-based manufacturer from a multi-agency federal raid linked to its overseas subsidiaries and tax practices.

www.foxnews.com

 

[Muhammed]

No arrests were made. does this remind you of anything? abolish the deep state now!

Feds dig in: Agents raid Trump-touted Caterpillar

President Trump’s “love” of Caterpillar, Inc. apparently wasn't deep enough to spare the Illinois-based manufacturer from a multi-agency federal raid linked to its overseas subsidiaries and tax practices.

www.foxnews.com

Caterpillar wins dismissal in U.S. of post-raid lawsuit tied to tax probes

Caterpillar Inc on Wednesday won the dismissal of a lawsuit accusing the heavy machinery manufacturer of misleading shareholders about risks it allegedly took on by using foreign subsidiaries to avoid paying U.S. taxes.

www.reuters.com

Sept 26 (Reuters) - Caterpillar Inc on Wednesday won the dismissal of a lawsuit accusing the heavy machinery manufacturer of misleading shareholders about risks it allegedly took on by using foreign subsidiaries to avoid paying U.S. taxes.

U.S. District Judge Sharon Johnson Coleman in Chicago said plaintiffs led by Société Générale Securities Services failed to show that Caterpillar intended to defraud them, or knowingly made false statements about criminal and civil probes into its tax practices.

 

[White 6]

No arrests were made. does this remind you of anything? abolish the deep state now!

Feds dig in: Agents raid Trump-touted Caterpillar

President Trump’s “love” of Caterpillar, Inc. apparently wasn't deep enough to spare the Illinois-based manufacturer from a multi-agency federal raid linked to its overseas subsidiaries and tax practices.

www.foxnews.com

My understanding is the raid under search warrant was for documents related to government charges of Tax evasion by Caterpillar, in shifting profits to a Swiss company where Caterpillar had negotiated a very low corporate tax rate and the case that had been started after a 2009 Caterpillar whistleblower report, was being investigated and indeed by Senate Finance committee in 2014 before coming to a head and the search warrant in 2017. Strangely enough, government investigators and lawyers were inexplicably told to take no further action the week Bill Barr was nominated for Attorney General. I found it interesting Barr was Catepillars lawyer hired to deal with it's problem with the IRS and government investigations of it offshoring it's profits.
From the OP Article:
"Initially, Caterpillar only confirmed the raids had taken place. The company later acknowledged the raids were connected to its use of a parts subsidiary based in Switzerland as well as tax practices that sparked a Senate investigation and led to shareholder lawsuits and even a $1 billion penalty.

Caterpillar is currently contesting an Internal Revenue Service demand that it pay $2 billion in taxes and penalties for profits assigned to the subsidiary between 2007 and 2012."

Here is more from Reuters

Exclusive: U.S. investigators were told to take 'no further action' on Caterpillar, ex-client of Barr

Before William Barr became President Donald Trump’s choice to lead the U.S. Department of Justice, he represented Caterpillar Inc, a Fortune 100 company, in a federal criminal investigation by the department.

www.reuters.com