An heir of Lebanese-Brazilian billionaire banker Joseph Safra has sued his mother and two siblings amid a dispute over the fortune of his late father, according to a lawsuit filed on Monday.
Alberto Safra accused his family members of purposely diluting his stake in a holding company of Safra National Bank in an effort to oust him from the family empire.
In the lawsuit, filed in New York State Supreme Court, Alberto Safra claimed that his mother, Vicky Safra, and brothers Jacob and David Safra had engaged in acts of corporate misconduct to damage his interests in the company. "Due to illegal and aggressive acts committed by his brothers, Alberto Safra had no choice but to file a lawsuit with the Supreme Court of New York to protect his rights," he said in a statement.
Alberto Safra resigned from Banco Safra's board of directors in late 2019 after a dispute with his younger brother David. A year later, their father, Joseph Safra, who was for many years Brazil's richest man and the world's wealthiest banker, passed away aged 82.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Anitta, the Brazilian singer nominated for best new artist, is already a global superstarAnitta set a streaming world record in 2022. Grammys
Read more »
Brazilian authorities back BHP's play for Oz MineralsBrazil’s Administrative Council for Economic Defence has given mining major BHP approval for its proposed acquisition of ASX-listed Oz Minerals. The two companies in December entered into a scheme implementation deed and the Oz Minerals directors unanimously recommended that shareholders accept the offer, pending an independent expert concluding that it was in the best interest of shareholders.
Read more »
I Turned 30 in Rio de JaneiroFor her 30th birthday, devineblacksher and seven friends spent a week eating the best Brazilian snacks, lounging on low-key beaches, and dancing to samba
Read more »
Man and 5-year-old son shot in Northeast PhiladelphiaA man and his small child were shot on Saturday night in Northeast Philadelphia.
Read more »
OnlyFans model, 55, made $630K over 2 years, can give son better lifeI've made $630,000 in 2 years as a 55-year-old OnlyFans model. It means I can give my son a better life and save for his college fund.
Read more »
Study: Saudi Executions Up over 80% Under King Salman and Son MBSA study published this week by two human rights organizations found that executions in Saudi Arabia rose a prodigious 82 percent between 2015, the year King Salman came to power, and 2022.
Read more »