The press conference was held in Sicily on Saturday morning (Image: Jonathan Brady/PA Wire) Italian officials have launched a shipwreck and manslaughter investigation into the sinking of the luxury Bayesian yacht off the coast of Sicily that left tech tycoon Mike Lynch, his daughter Hannah and five other people dead. Public prosecutor Ambrogio Cartosio made the announcement at a press conference on Saturday, according to a translation. The Bayesian superyacht sank in bad weather while moored around half a mile off the coast on Monday morning.

Mr Cartosio told the press conference: "The Termini Imerese prosecution has opened a case hypothesising the crime of shipwreck and of manslaughter but we are only at the initial stage of the inquiry so far." He added: "I have to emphasise that the development of the inquiry could actually be of any sort imaginable." Read More: Bayesian black box exposes final 16 minutes of hell before yacht sunk Mr Cartosio said, through a translation provided by the BBC described the incident as a 'very grave tragedy'.

He added: "These six persons who tried desperately to save themselves were finally retrieved. "First of all, four of them. Jonathan Bloomer the banker, Christopher Morvillo the lawyer, and all four of them were retrieved from inside the yacht which was 50 metres down.

"Then, later, the other two were also retrieved. "Michael Lynch on the 23rd, yesterday, and then the 18-year-old daughter of Michael Lynch, Hannah, was found yesterday morni.