Monday, May 24, 2010
Stewart Campbell, Motor Boat & Yachting, 
Submitted by: Editor

Flavio Briatore’s Force Blue Impounded by Italian Police

62-metre Force Blue seized over unpaid tax bill alleged to be in the region of £3.5 million.

The 62-metre superyacht owned by Flavio Briatore, former Formula One boss and part owner of Queens Park Rangers football club, has been impounded by Italian police over unpaid taxes.

Armed police stormed the former ice-breaker, Force Blue, last week while Briatore's wife, the Wonderbra model Elisabetta Gregoraci, was on board with the couple's two-month-old son. Briatore himself was not reported to have been on board.

Investigators believe Briatore could owe as much as £3.5m in unpaid taxes, and have alleged that he broke the law by not paying VAT on fuel taken on in EU waters.

Briatore was handed a lifetime ban - later overturned - from Formula One last year after he was found guilty of ordering driver Nelson Piquet Jnr to crash at the Singapore Grand Prix, and in 2007 he organised a £14m takeover of QPR with Bernie Ecclestone and steel magnate Lakshmi Mittal.

Posted by Editor on 05/24/10 at 04:44 PM •  (2) Comments

Share Your Ire

blog comments powered by Disqus
Vile Quotes

"America does not have an aristocracy or a plutocracy."
Art Pope