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Search resumes for Mike Lynch and other missing yacht passengers

August 20, 2024
in Finance
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Search resumes for Mike Lynch and other missing yacht passengers
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Rescuers are searching for the missing UK tech entrepreneur Mike Lynch and five other passengers from a luxury yacht that sank off the coast of Sicily for a second day, according to local authorities.

Divers are attempting to find the missing people, who also include Lynch’s 18-year-old daughter and Jonathan Bloomer, chair of insurance group Hiscox and Morgan Stanley International.

Luca Cari, spokesperson for the Italian fire department, said divers resumed their operations at about 8.30am. A helicopter and a motorboat are carrying out the surface search.

“Dive times are 10 minutes per team, they’re going up and down all the time,” Cari told the Financial Times.

Vincenzo Zagarola, spokesperson for the Italian coast guard, said on Tuesday afternoon that rescuers were working on the assumption that the missing passengers had become trapped in the ship’s hull.

“We never say never,” he said, but added that hopes that the missing passengers are still alive were “minimal”.

Rescue personnel operate near where the luxury yacht sank off the coast of Porticello © Guglielmo Mangiapane/Reuters

Divers’ efforts to access the yacht had been hampered on Monday by furniture obstructing passageways.

Zagarola said they had managed to find an initial passageway into the vessel but could still not access the entire hull. “It’s an obstacle course to find a way in,” he said.

He added that rescue teams had so far found “no evidence” of the passengers inside the yacht.

Lynch’s yacht, Bayesian, sank early on Monday morning to a depth of approximately 50 metres after being hit by bad weather, according to the Italian coast guard.

On board were 22 guests and crew, of whom 15 were rescued, one was later found dead, and six remain missing. Lynch’s wife, Angela Bacares, was among those rescued.

Jonathan Bloomer
Jonathan Bloomer, chair of insurance group Hiscox and Morgan Stanley International, is among those missing © Andy Shaw/Bloomberg
Stephen Chamberlain
Stephen Chamberlain, Lynch’s co-defendant in the US fraud case, died in a separate incident in which he was hit by a car on Saturday © Reuters

The UK’s Marine Accident Investigation Branch is sending a team of four inspectors to Italy to make a preliminary assessment into the sinking of the British-registered superyacht, UK officials said on Tuesday. The MAIB will then decide whether to launch a formal probe.

Lynch, the former chief executive of Autonomy, was acquitted of criminal charges by a jury in San Francisco in June, vindicating the 59-year-old entrepreneur after a 12-year legal battle over the software group’s $11bn sale to Hewlett-Packard in 2011.

Among the passengers on Lynch’s 56-metre yacht were members of his legal team and their families, who had been invited on the trip to celebrate the courtroom victory.

Christopher Morvillo of law firm Clifford Chance, who represented Lynch, is also missing. Another Clifford Chance lawyer, Ayla Ronald, was rescued.

Monday’s yacht incident came on the same day as the death was confirmed of Lynch’s co-defendant in the US fraud case, Stephen Chamberlain, who was hit by a car in Cambridgeshire, England.

Chamberlain, a former vice-president of finance at Autonomy, went on to become chief operating officer at Darktrace, the cyber security company co-founded by Lynch in 2013.

Darktrace said the company was “incredibly saddened” by the “tragic death” of a “substantial contributor to the team in its early years”.

“Steve was much loved by his colleagues and leaves many friends at Darktrace. We extend our deepest condolences to his wife, Karen, and the rest of his family who are very much in our thoughts at this challenging time,” a spokesperson said.

Additional reporting by Victor Mallet in London

Credit: Source link

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