Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»Son of Brazilian billionaire founder of Banco Safra sues family
Finance

Son of Brazilian billionaire founder of Banco Safra sues family

February 7, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

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.

Newest Updates

View 2 extra tales

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

: .

Source link

Banco Billionaire Brazilian family founder Safra son Sues
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Investor Ric Edelman reacts to crypto ETF boom

May 10, 2025

Mexico Sues Google For Renaming Gulf Of Mexico

May 10, 2025

Kyndryl Holdings announces operational leadership rotation

May 10, 2025

Foreign tourist boycott begins, as businesses brace for impact

May 10, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

6 animals that thrive in Earth’s harshest places | Pets-animals News

May 11, 2025

Archery World Cup: Madhura Dhamangaonkar makes dream comeback after technique tweaks, bags three medals in Shanghai | Sport-others News

May 11, 2025

Teen charged as adult in fatal Lowry Field shooting

May 11, 2025

Taylor Swift Subpoenaed In Blake Lively’s Ongoing Legal Battle

May 11, 2025
Popular Post

First Republic plumbs new lows, options dwindle

Marcus Rashford breaks silence on Cristiano Ronaldo’s Manchester United departure

Updated standings after New Zealand vs Sri Lanka Match 27

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.