American Tax Officer-Chapter 549 - 278: Aren’t You Afraid of Spoilers?
Chapter 549: Chapter 278: Aren’t You Afraid of Spoilers?
Jace turned his head to look at the head of the legal department and instructed, “Yamarin, take your team and head to Los Angeles immediately, but remember, we need to indirectly find out what kind of cards David is holding. If he really has something up his sleeve, we must prefer to settle out of court as much as possible, understand?”
The situation had developed to this point.
Even if he were foolish, he knew that David must have something on them; otherwise, it would’ve been impossible for him to dare to accuse the Swiss bank of such a serious charge in front of the entire world.
“Mr. Jace, I think… think…”
“Stop beating around the bush, spit it out!”
“Yes, Mr. Jace!”
Yamarin didn’t dare to dawdle any longer and said, “The origin of this incident goes back to the Sackler family matter. If it really comes to an out-of-court settlement, and he demands the transfer of this family’s assets, what should we do?”
“Hmm…”
That question brought Jace to an immediate halt.
The rest of the senior executives were also left speechless.
Now, concerning the CUUI and CUUO products, there indeed could be a significant crisis for the entire Swiss Bank.
But if they were to compromise on the Sackler family assets, it would be tantamount to damaging their bank’s reputation and losing credibility in front of the whole world, which put them in a dilemma!
“If it really comes to that, I think, maybe we just have to do that…”
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“Have you lost your mind, Haus? That would damage our brand, and besides, the Sackler family is Jewish. If we transfer this family’s funds to the IRS, how would the Jewish people ever feel comfortable putting their money with us again?”
“Arabella is right, if we cooperate in transferring the Sackler family’s assets, other Jewish people will surely worry too. If they feel their money is no longer safe with us and decide to withdraw their funds, we will probably fall into an even bigger crisis.”
A high-ranking member of the UBS Group had just made a suggestion but was immediately metaphorically doused in blood by the others.
Transferring the Sackler family’s assets would not only damage their brand, but the most severe point was that it could potentially cause concern among the Jewish community.
This group was currently the biggest clientele of the Swiss Bank, and it wasn’t just an immediate withdrawal of their principal that was concerning; even if they stopped trusting the Swiss Bank and decided not to store their funds there anymore, it would be a huge loss for the bank.
“Alright, Yamarin, go over and talk to David to probe his cards, then convey the specific situation back to us, and we will make a decision!”
Not coming up with a better idea at the moment, Jace figured they had to play it by ear.
…
The next morning, the Director’s office.
“Director, due to this incident, the market value of the UBS Group evaporated by about 6 billion US dollars overnight…”
“Director, representatives from the UBS Group have arrived at Los Angeles Long Beach Airport, and they are estimated to reach the office in half an hour.”
“…”
Listening to the series of reports, David nodded again and again…
About ten minutes later, the detailed work situation had been fully reported.
David then said, “Let’s get ready then, let’s ‘welcome’ the representative of the UBS Group properly!”
“Understood!”
At 9:30 AM.
Two sedans arrived at the entrance of the Los Angeles IRS.
The car doors opened, and Yamarin and his team, having traveled overnight, stepped out of the cars, and upon their arrival, the media personnel stationed there immediately became agitated.
“The delegation from the UBS Group has arrived!”
“It is said that UBS Group has almost sent their entire legal department over, suggesting they are ready for a ‘big fight’ with the IRS!”
“Mr. Yamarin, do you feel confident in explaining the issues with your CUUO and CUUI products to the IRS?”
“Mr. Yamarin…”
Facing the media’s questions, the people from UBS Group had no intention of accepting interviews and solemnly walked into the building.
The IRS had already received news of the UBS Group’s arrival and immediately escorted them to a conference room on the 7th floor upon their arrival.
As for Director David and some of the high-ranking officers from the office, they had also been waiting there early.
“Good to meet you, Director David, my name is Yamarin, and I’m in charge of the legal department at UBS Group. This is my colleague Rijiatu, Humphrey…”
“Nice to meet you, Mr. Yamarin, Mr. Rijiatu, nice to meet you, Mr. Humphrey…”
David greeted each of them with a smile and shook hands one by one.
Afterward, both parties took their seats, and Yamarin was the first to speak, “Director David, regarding your allegations that our CUUI and CUUO products are involved in regulatory violations and tax evasion, I do not accept this.”
“These two products have been on the market in America for five years, and we have gathered millions of clients. However, because of your public slan… accusations, our reputation has been severely damaged, which is not fair to us!”
Yamarin knew very well that facing someone like David, showing weakness from the start was not an option, as it would surely lead to being led by the nose in subsequent interactions.
Therefore, he started off with a rather strong statement!
David, after hearing this speech, remained expressionless and simply threw a prepared file over and said, “Mr. Yamarin, this is the information we have found on one of your clients, please take a look!”
