A Caterpillar spokeswoman said law enforcement is present in various Peoria-area Caterpillar facilities executing a search warrant. The spokeswoman said Caterpillar is cooperating.
A source within the building tells 25 News law enforcement are there for tax documents. Multiple sources inside Caterpillar headquarters tell 25 News that human resources are telling employees law enforcement are executing a search warrant. A source said all tax employees have also been asked to leave the headquarters building.
A viewer sent a photo of law enforcement wearing IRS jackets entering headquarters.
A source tells 25 News that law enforcement is present at Caterpillar headquarters in downtown Peoria, Building AD in East Peoria and the logistics building in Morton.
The sources said employees are told law enforcement will be in employees spaces but do not wish to disrupt work. The sources said HR is telling employees there are no safety concerns.
Caterpillar stock on the New York Stock Exchange has fallen by almost 5 percent since the news of the warrants broke.
This is a developing story.