Four bodies were brought ashore in Porticello, with authorities reporting they had spotted a fifth inside the vessel which sank after it was caught up in bad weather on Monday. The identities of those recovered have not been confirmed, but billionaire tech tycoon Mike Lynch and his daughter were among the missing. A sixth person remains unaccounted for.

The luxury vessel – named the Bayesian – was moored half-a-mile off the coast of Porticello when it sank around 5am local time on Monday. The cruise was reportedly a celebration of Mr Lynch’s recent acquittal of fraud charges in the United States. Authorities have so far discovered five missing bodies, with one person still unaccounted for.

Technology tycoon Mike Lynch and his 18-year-old daughter Hannah – who had recently finished her A-Levels and was bound for Oxford – have been missing since Monday. Also unaccounted for were Jonathan Bloomer, chairman of Morgan Stanley and insurance company Hiscox, and his wife, Judy, a respected psychotherapist; as well as Chris Morvillo, a lawyer from Clifford Chance and part of the legal team representing Mr Lynch, and his wife, Neda, who reportedly runs a luxury jewellery line. The body of a man was recovered near the yacht, believed to be that of chef Recaldo Thomas, a Canadian-Antiguan man working onboard.

Fifteen of the 22 people onboard – including Mr Lynch’s wife, Angela Bacares – were rescued after escaping onto a lifeboat. The Telegraph reported Mr Lynch had guest.