Brazilian bank sues Emerson Fittipaldi

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Brazilian credit organization Banco Safra has sued two-time world champion Emerson Fittipaldi – the bank’s lawyers accuse the former Formula 1 driver of hiding his assets in the United States.

Fittipaldi’s lawyers claim that their client has a difficult financial situation, but creditors believe that he is not fulfilling his debt obligations and at the same time leads a luxurious life in America.

According to the newspaper Folha de Sao Paulo, 145 cases have been opened against him, in which he owes more than 8.5 million euros to various creditors. But 73-year-old Fittipaldi, through his lawyers, denies all charges, while during one of the proceedings they assured that their client did not even have a couple of thousand euros to pay legal costs.

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