Actually that timing belt was replaced 2007 so the bolt took some time lo loosen...
Anyway it is wise to check that particular bolt from time to time in order to prevent this mess...
My new radiator also got some scuffs but luckily nothing major, now new timing belt is in place and
just waiting for the new pulley bolt and will be up running soon..
BTW my mechanic said that the shorter bolt is also used in common Mitsubishi sedans...
Again thanks for the fantastic feedback, must say:
This forum rocks !!
Cheers from Taiwan