Mike Lynch, former chief govt officer at Hewlett-Packard Co.’s Autonomy unit, talking at a convention on Thursday, April 25, 2013.
Bloomberg | Bloomberg | Getty Photographs
LONDON — The physique of British know-how entrepreneur Mike Lynch, 59, has been retrieved from the wreckage of a yacht that sank off the coast of Sicily, a supply aware of the matter informed CNBC Thursday, confirming earlier reporting by Sky Information.
Lynch’s daughter, Hannah, stays unaccounted for, based on the supply, who requested to not be recognized as a result of delicate nature of the state of affairs. Sky Information earlier reported that 5 our bodies pulled from the wreck had been recognized by the Italian coastguard, and that Lynch was among the many lifeless.
Lynch, who was reported lacking Monday, was one in every of 22 passengers aboard the Bayesian superyacht, which capsized whereas anchored within the small fishing village of Porticello, within the province of Palermo in Italy.
On Wednesday, Salvatore Cocina, the top of the civil safety company in Sicily confirmed to NBC Information that 5 our bodies had been recovered from the wreckage of the yacht. It comes after one particular person — Recaldo Thomas, a Canadian-Antiguan chef — was confirmed lifeless earlier this week.
Lynch was the founding father of enterprise software program agency Autonomy. He grew to become the goal of a protracted authorized battle with Hewlett Packard after the agency accused Lynch of inflating Autonomy’s worth in an $11.7 billion sale. HP took an $8.8 billion write-down on the worth of the corporate inside a yr of shopping for it.
Lynch was acquitted in June of fraud expenses in a shock victory in U.S. court docket following a trial that lasted for 3 months. He had confronted expenses of wire fraud and conspiracy for allegedly scheming to inflate Autonomy’s income. Lynch denied wrongdoing and informed jurors HP botched Autonomy’s integration.
Lynch was additionally the founding father of Invoke Capital, a enterprise capital agency endorsing European tech startups. He grew to become a key voice supporting the U.Ok. know-how business, backing key names like cybersecurity agency Darktrace and authorized tech agency Luminance.
CNBC has contacted the Italian coastguard and is awaiting a response.
It is a breaking information story, please examine again later for extra.
