Flavio Briatore's Force Blue Seized | FerrariChat

Flavio Briatore's Force Blue Seized

Discussion in 'Other Off Topic Forum' started by fivesix, May 22, 2010.

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  1. fivesix

    fivesix Formula 3

    Nov 12, 2006
    1,725
    Brisbane/Toowoomba
    Full Name:
    Ryan
    Former Formula One boss Flavio Briatore's luxury yacht has been seized as part of a £4.1million tax evasion investigation.
    Police in high speed boats followed the 60m Force Blue for several miles at dawn yesterday before it anchored.
    Briatore, 61, was not on the £15million vessel when they boarded but his wife, Elisabetta Gregoraci, 28, and two-month-old son Falcon Nathan were.


    The seizure in Genoa on the Italian Riviera marked the end of a year-long investigation.
    Briatore, who co-owns Queen's Park Rangers football club, is accused of failing to pay taxes and VAT on £4.1million of fuel.
    He claims the yacht, which has a crew of 17 and sleeps 12, can be hired for £240,000 a week and is registered out of the EU, in the Cayman Islands, for a tax break.
    But prosecutors are looking into claims it is not chartered and that the family spend much of the year on board.
    The yacht, bought in 2002, was seized because of 'fears further crimes might be committed', according to papers served by customs and excise.


    Read more: http://www.dailymail.co.uk/news/worl...#ixzz0odxumQaD
     
  2. fluque

    fluque Formula 3

    Jul 30, 2004
    1,759
    Above 2240m
    Full Name:
    Fernando
    Why am I not surprised...
     
  3. Westworld

    Westworld Three Time F1 World Champ
    Silver Subscribed

    May 18, 2004
    32,212
    Talk about a long fall....
     

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