A man who stood trial alongside Mike Lynch, the British tech tycoon missing after the superyacht sinking in Palermo, died after a car crash. Stephen Chamberlain was put on life support after he was critically injured in the collision in Cambridgeshire over the weekend, but has since died of his injuries, his lawyer confirmed on Monday (August 18). Mr Chamberlain was reportedly hit by a car in Saturday morning's incident and rushed to hospital.

The former vice president of finance for software firm Autonomy had stood trial in the US after being accused of the same fraud and conspiracy charges as the company's former CEO, British tech tycoon Mike Lynch. READ MORE Who is Mike Lynch? The British man missing after luxury yacht sank off Sicily coast Mr Lynch, 59, once dubbed 'Britain's Bill Gates', was accused of scheming to inflate the value of Autonomy after it was sold in 2012 to Hewlett Packard for $11billion (£8.64billion).

Both men were ultimately cleared of all 15 charges by a jury in San Francisco in June this year following a decade-long legal saga, reports the Mirror. Mr Lynch is one of six people who are currently missing after a yacht, the Bayesian, capsized off the coast of Palermo, Sicily, in the early hours of Monday morning when it was struck by a tornado. His wife, Angela Bacares, was rescued by the coastguard.

A coast guard vessel and a private sail boat assist the search for missing passengers after a yacht capsized off the coast of Palermo, Italy (Image: Getty .