Filed under: Europe, Government/Legal, Celebrities
The Italians don’t play when it comes tax evasion financial crimes, with special branch the army called the Guardia di Finanza solely devoted busting those who play with numbers. Flavio Briatore one the most recent big fish caught the Guardia’s net; his $22-million yacht, Force Blue, was impounded over weekend off coast of Italian Riviera.
The perma-tanned Briatore keeps the yacht registered in the Cayman Islands and claims it’s hired out the week, but Italian authorities contend that Briatore spends hefty portion of the year on the vessel. In fact, when the dawn raid was carried out, Briatore’s wife and son were on board. If customs authorities can prove VAT evasion, Briatore could be on the hook for fine of $5 million.
Given that Briatore owns and operates $22-million yacht, he probably won′t have hard time paying penalty. He shouldn′t feel bad either way, since he joins luminaries such as Bank America, soccer club Juventus, and North Korean dictator Kim Jong-Il on list folks nabbed Guardia di Finanza.
[Source: The Mirror]
Report: Italian gov′t siezes Flavio Briatore’s $22M yacht originally appeared Autoblog on Sun, 23 May 2010 18:04:00 EST. Please see our terms use feeds.
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