American Tax Officer-Chapter 546 - 277: Accept the Charges, UBS Group!

Chapter 546: Chapter 277: Accept the Charges, UBS Group!

As I turned my thoughts, four days had already passed.

During this period, the Swiss Bank incident continued to ferment.

The Swiss officials not only protested fiercely but also displayed a continuous strong resistance.

Since the seizure of all domestic Swiss Bank branches by the IRS significantly affected many people’s interests, media and celebrities from other countries condemned the IRS’s approach.

However, what puzzled many people was:

Despite pressure from all quarters, both the American authorities and the IRS seemed indifferent, showing no intention of offering an explanation.

For a time, the atmosphere surrounding the incident at Swiss Bank was undeniably strange to everyone.

Inside the Director’s office at the Los Angeles IRS:

Nisen entered carrying a thick stack of documents, placed them on the table, and said, “Director, as per your request, these are the statements collected from customers who purchased the CUUI and CUUO financial products.”

Without saying much, David selected a few volumes to examine, and after a few minutes, he nodded and said, “Have you found and taken control of the people I was looking for?”

“They’re all under control, everything is ready; we just need the right opportunity!”

“Good, get ready, we’re going to hold a press conference!”

“Yes.”

No sooner had David made his decision, Donald’s call followed from Washington D.C. Headquarters.

“David, it has been four days now, how is your work coming along?”

Donald sounded noticeably urgent, although he had already explained the situation to the White House a few days before, managing to get some support from that end.

However, during these four days, due to global protests, the IRS had been under immense pressure and was nearly suffocating under it, which led to his call to urge action.

“Director Donald, I was just about to call you with an update.”

“Oh? Does that mean your work is almost finished?”

“Yes, I am preparing to hold a press conference to officially confront Swiss Bank!”

“That’s great, I’m waiting for your good news!”

Upon hearing that David was ready, Donald didn’t prolong the conversation and quickly ended the call.

…

Half an hour later, in the lobby of the IRS city office.

Not only did domestic American media receive notification to attend, but mainstream media from around the world were also invited here.

At that moment, they were all whispering and speculating among themselves.

After so many days without an explanation from the IRS, they were full of doubts and guesses, but gladly they were soon to learn the true situation, which naturally excited them.

About five minutes later.

“Here he comes, Director David has arrived!”

Someone in the crowd shouted, and immediately everyone turned their heads to look.

Indeed, down the corridor, Director David, with an assertive stride, emerged escorted by Nisenbaki and a few others.

“Director David, can you tell us what exactly is going on with the seizure of Swiss Bank?”

“Director David, the Swiss Bank has suffered significant losses due to the seizure these past few days. Will the IRS compensate for that?”

“Director David…”

As soon as David appeared, media journalists, desperate for a scoop, almost wanted to pounce on him and press him for answers.

Fortunately, this was the IRS, where numerous inspectors maintained order and ensured that the scene did not descend into chaos.

“Everyone, quiet down, our Director will clarify the situation regarding this incident!”

Hearing Nisen’s stern words, the journalists quieted down, all ears for the explanation.

“Ahem…”

David had taken the stage and cleared his throat before continuing: “Good day, I am Director David. Due to the seizure of Swiss Bank these last few days, it has caused a global uproar. Now, I would like to clarify a few points.”

“First, I want to state that this is not personal vindictiveness. Swiss Bank does have significant tax evasion offenses here in America, which I will explain in detail shortly.”

Upon hearing these words, many felt speechless, especially the Swiss and the top brass at Swiss Bank watching.

“Really, right after you, Director David, threaten us to hand over the Sackler family’s assets, you immediately come knocking on our door to seize all our branches if we don’t comply. Isn’t this personal vindictiveness?”

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Before these people could continue thinking, David added: “After our thorough investigation, we found that Swiss Bank’s selling of the CUUI and CUUO products in America had serious tax evasion issues!”

“CUUI, CUUO? What are those?”

“These seem to be some kind of financial products from Swiss Bank. I’ve heard from my wife’s classmate that they offer higher returns than average financial products!”

“Financial products? How could they be implicated in tax evasion?”

As soon as these two products were mentioned, a flurry of heated debate ensued inside and outside the venue.

Meanwhile, at the UBS Group headquarters;

Watching the live broadcast, Jace immediately asked, “Can someone tell me what these two products are?”

“Mr. Jace, these two products…”

After the explanation from the person in charge, Jace’s brow furrowed instantly.

Though he wasn’t responsible for the details of these two products, from the explanation, it was clear that these two offered unusually high returns to the general public, which seemed a bit illogical!