UPDATE 2-Ex-chairman of firm linked to Caterpillar fraud "dismayed"
Posted on January 28, 2013 at 03:48 AM EST
HONG KONG, Jan 28 (Reuters) - The former chairman of a Chinese mining equipment firm bought by Caterpillar Inc said on Monday he was dismayed by allegations of accounting misconduct at a subsidiary that prompted the U.S. firm to take a $580 million writedown.