UBS’s position in regard to the “Frontal21″ TV program (German television ZDF on 21.04.09)

UBS’s position in regard to the “Frontal21″ TV program (German television ZDF on 21.04.09)

UBS takes the following position in regard to the “Frontal21″ TV program (ZDF on 21.04.09) and the speculation it contained:

The so-called “confidential internal memo”, that was supposedly sent to a UBS vice chairman and shown on the program, is a counterfeit. The assertions made in the program are without any basis in fact.

In the alleged memo, meetings were referred to and figures listed about internal foundations and companies that UBS purportedly established in Liechtenstein, Panama, the British Virgin Islands and Jersey for German clients.

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The UBS vice chairman mentioned never received this memo.
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A meeting referred to in the alleged memo never took place.
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The figures mentioned in the document are false and have no basis in fact.
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The vice chairman mentioned no longer held any functions in relation to Germany during the time the memo was ostensibly sent to him.
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The format of the alleged memo does not correspond to UBS’s format. UBS memos look different and, in particular, contain the sender’s name in the letterhead.

We cannot comment on the letter from the UBS employee mentioned because we do not have it in front of us and do not know its contents. The editorial staff of “Frontal21″ refuses to provide it to us.

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