International Courant
Mike Lynch, former CEO of Hewlett-Packard Co.’s Autonomy division, spoke at a convention on Thursday, April 25, 2013.
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LONDON — The physique of British expertise entrepreneur Mike Lynch, 59, has been recovered from the wreckage of a sunken yacht off the coast of Sicily, a supply acquainted with the matter informed CNBC on Thursday, confirming earlier experiences by Sky Information.
In keeping with the supply, who requested to stay nameless because of the delicate nature of the scenario, Lynch’s daughter Hannah continues to be lacking. Sky Information beforehand reported that 5 our bodies recovered from the wreck had been recognized by the Italian coast guard and that Lynch was among the many useless.
Lynch, who was reported lacking on Monday, was one among 22 passengers aboard the Bayesian superyacht, which capsized whereas anchored within the small fishing village of Porticello, in Italy’s Palermo province.
On Wednesday, Salvatore Cocina, the pinnacle of Sicily’s civil safety company, confirmed to NBC Information that 5 our bodies had been recovered from the yacht’s wreckage, after one particular person — Recaldo Thomas, a Canadian-Antiguan chief — was declared useless earlier this week.
Lynch was the founding father of the software program firm Autonomy. He turned the goal of a prolonged authorized battle with Hewlett Packard after the corporate accused Lynch of inflating the worth of Autonomy in an $11.7 billion sale. HP took an $8.8 billion write-down on the corporate’s worth inside a yr of the acquisition.
Lynch was acquitted of fraud prices in June in a shock victory in a U.S. court docket after a three-month trial. He was charged with wire fraud and conspiracy for allegedly plotting to inflate Autonomy’s earnings. Lynch denied wrongdoing and informed jurors that HP botched the mixing of Autonomy.
Lynch additionally based Invoke Capital, a enterprise capital agency that backs European tech startups. He turned a number one voice supporting the UK tech business and large names equivalent to cybersecurity agency Darkish observe and authorized expertise firm Luminance.
CNBC has contacted the Italian coast guard and is awaiting a response.
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British tech entrepreneur Mike Lynch present in wreck of yacht in Sicily
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