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Caterpillar alleges multi-year accounting misconduct at main subsidiary of ERA Mining Machinery Ltd, a GEM company it bought and took private
Company media release, 18-Jan-2013
The accounts of the GEM company were audited by RSM Nelson Wheeler. The GEM company bought Siwei in 2009-10 in a reverse takeover. The reporting accountant on the acquisition was also RSM Nelson Wheeler. The former controlling shareholder was Mining Machinery Ltd, a private company owned by James Edward Thompson III and Emory Williams, the Chairman.