26/07/2016 10:33 BST

Bernie Ecclestone's Mother-In-Law, Aparecida Schunck, 'Kidnapped In Brazil For £28m Ransom'

Aparecida Schunck was snatched from her home in San Paolo on Friday.

F1 boss Bernie Ecclestone’s mother-in-law has reportedly been kidnapped in Brazil where her captors have demanded a £27.8m ransom. 

Aparecida Schunck, the mother of Ecclestone’s wife, Fabiana Flosi, was said to have been snatched from her home in Interlagos, San Paolo, on Friday night according to Brazilian news magazine Veja. 

Schunck’s captors have demanded 120 million reais (£27.8m), divided into four bags, for the 67-year-old’s return. They are said to have requested the fee be paid in pounds sterling. 

Bernie Ecclestone’s mother-in-law, Aparecida Schunck (R) is said to have been kidnapped in Brazil, she is pictured above with his wife, and her daughter, Fabiana Flosi

Ecclestone, 85, is worth an estimated £2.4bn and married the 39-year-old Brazilian in 2012 following his divorce from Croatian model Slavica Radic.

Police are yet to comment on the case, as are the Ecclestone family. 

Ecclestone and Flosi live in London, but Schunck has continued to live in Sao Paolo. 

Mark Thompson via Getty Images
Ecclestone with his wife Fabiana Flosi

In a Facebook post on Mother’s Day, Flosi wrote: “Happy Mother’s Day to all mothers, and especially mine.

“There are no words to thank so much love and dedication. Thank you Mum, I love you,” the Mirror reported. 

Flosi wrote a heartfelt message to her mother on Facebook on Mother's Day

The incident comes as Brazil prepares to host the Olympic Games next month and follows a police crackdown on kidnapping gangs amid concerns it may deter wealthy sports fans from attending the games. 

A man was jailed in 2012 after demanding £200,000 to prevent Ecclestone’s daughter Tamara from being kidnapped