A Chilean court has authorized a subpoena request seeking access to emails related to the sale of Chilean salmon-farming firm Australis to Chinese foodservice group Joyvio.
Chilean businessman Isidoro Quiroga sold Australis to Joyvio in 2018 for USD 921 million (EUR 873 million). Following the sale, Joyvio alleged Quiroga engaged in such actions as hiding, falsifying, and adulterating critical information during the sales process, including what the company now deems was deliberate overproduction to inflate salmon-production numbers and, therefore, the company’s valuation when it came time to negotiate a sale.
Joyvio subsequently filed a lawsuit against Quiroga for USD 1.22 billion (EUR 1.16 billion) in restitution and damages and has accused Quiroga and former Australis executives of fraud and unfair administration.
Now, Prosecutor Constanza Encina has asked the Chilean Fourth Court of Guarantee for authorization to review the emails of 11 of the salmon company’s former directors and executives, including Quiroga, his sons Isidoro and Benjamín, the late former general manager Ricardo Misraji, and the former manager of administration and finance Santiago Garretón.
The prosecutor said that both parties have delivered opposing versions on two central axes of the investigation that access to the emails might help clear up …
