Genoa court ends Briatore super-yacht tax probe

A tax evasion probe involving former F1 personality Flavio Briatore has finally ended. It centred mainly around the ownership of the yacht – a company in the British Islands that allegedly then rented it out to Briatore for a saving of EUR 3.6 million euros in VAT and EUR 800,000 in fuel taxes. “After 12 years and six trials, my innocence is finally established,” Briatore is quoted by Het Nieuwsblad. Force Blue, estimated to be worth EUR 20 million, was bought by Briatore’s friend and former F1 supremo Bernie Ecclestone last year. “Now both the yacht’s new owner and Briatore have the right to demand adequate compensation.”.

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