Former Renault team boss Flavio Briatore has found himself in more trouble after his multi-million pound yacht was seized by Italian police as part of a fraud investigation.

Force Blue was seized off the Italian Riviera as part of an investigation by customs authorities in Genoa who are looking into the status of the yacht as a vessel for hire.

According to reports, Briatore claims to offer the vessel for hire at a rate of ?240,000 a week but with it registered in the Cayman Isles, he is entitled to a heft tax break.

Prosecutors in Genoa are disputing that fact that the vessel is for hire and claim that Briatore lives on the yacht for long periods and as a result, he could face a fine if improper use and VAT evasion is proved.