google news

Flavio Briatore's luxury yacht confiscated by Italian police

Flavio Briatore’s 17 million euro luxury yacht, Force Blue, has been seized by Italy’s special financial police, the Guardia di Finanza.
Investigators contend that Briatore has registered the yacht as a charter boat in the Cayman islands, hiring at 275,000 euros a week, in order to get tax breaks when the yacht anchors in European harbours.

The Guardia di Finanza says that Briatore uses the yacht mostly for his own private holidays, however, and therefore doesn’t qualify for the tax breaks.
The yacht was impounded in a dawn raid at La Spezia port in Liguria, with Briatore’s wife, Elisabetta Gregoraci, and new son, Falco, onboard at the time.

Briatore could be facing a five-million USD fine – a mere slap on the wrist for the millionaire.
We don’t whether he will get his yacht back or not in time for summer holidays, though, meaning that the Italian celebrity might be forced to holiday on his own billion dollar Briatore beach in Sardinia.
Flavio Briatore luxury Yacht: Force Blue

Inline Feedbacks
View all comments

More To Read