Assets worth 10 mn euros seized from Italian Instagram star

Bologna (Italy), Aug 9 (IANS/AKI) An Italian bank has seized 10 million euros of assets from indebted 50-year-old Instagram star and playboy Gianluca Vacchi, media reports said on Wednesday.

The assets impounded by Banco Bpm include yachts, villas and shares, including in the Casalunga di Castenaso golf club near Bologna, said Italian newspaper Il Resto del Carlino.

Vacchi, the son of a Bologna packaging magnate, may have debts of up to 60 million euros including an unpaid loan of 30 million euros to Vacchi’s holding company First investments, the daily said.

The fun-loving fitness fanatic is paid five million euros a year by the Vacchi family’s firm IMA, of which he is a director.

Vacchi has 12 million followers on Instagram and is known for his catchword Enjoy and his penchant for enjoying the high life with much younger girlfriends.

–IANS/AKI

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