SAO PAULO, Feb 6 (Reuters) – An inheritor of Lebanese-Brazilian billionaire banker Joseph Safra has sued his mom and two siblings amid a dispute over the fortune of his late father, in line with a lawsuit filed on Monday.
Alberto Safra accused his relations of purposely diluting his stake in a holding firm of Safra Nationwide Financial institution in an effort to oust him from the household empire.
Within the lawsuit, filed in New York State Supreme Court docket, Alberto Safra claimed that his mom, Vicky Safra, and brothers Jacob and David Safra had engaged in acts of company misconduct to wreck his pursuits within the firm.
“As a result of unlawful and aggressive acts dedicated by his brothers, Alberto Safra had no selection however to file a lawsuit with the Supreme Court docket of New York to guard his rights,” he mentioned in a press release.
Alberto Safra resigned from Banco Safra’s board of administrators in late 2019 after a dispute together with his youthful brother David. A yr later, their father, Joseph Safra, who was for a few years Brazil’s richest man and the world’s wealthiest banker, handed away aged 82.
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In 2021, Alberto Safra and the household got here near an settlement on Joseph Safra’s will to keep away from litigation over the fortune, which was valued at $15 billion on the time.
In a press release, the Safra household rejected Alberto’s claims and mentioned it “regrets the trail taken by Alberto, who first acted in opposition to his father in life and now acts in opposition to his reminiscence.”
It added that Alberto left Banco Safra a number of months after receiving donations from his father in anticipation of his inheritance, with out heeding the appeals made personally by his father and began a enterprise competing with Banco Safra, “having even harassed and employed a number of executives of the Group.”
The household assertion added that Joseph Safra had requested a number of executives to not be a part of Alberto and after a number of refusals by Alberto to vary his plans, disowned his son.
Reporting by Aluisio Alves; Modifying by Leslie Adler
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