Mr Lynch and his daughter Hannah were among seven people who died after the Bayesian sank off the coast of Sicily early on Monday morning. The tech mogul, 59, was the creator of software giant Autonomy and had been cleared in June of carrying out a massive fraud related to its 11 billion dollar (£8.64 billion) sale to US company Hewlett Packard.

Close friend and colleague Andrew Kanter described Mr Lynch as “instantly inspiring” and said “he will be sorely missed”. In the tribute, one of six released on Friday through PR firm Tancredi, Mr Kanter said: “Mike was the most brilliant mind and caring person I have ever known. “Over nearly a quarter century I had the privilege of working beside someone unrivalled in their understanding of technology and business.

“There is simply no other UK technology entrepreneur of our generation who has had such an impact on so many people. “His passion for life, knowledge and all those around him was instantly inspiring to everyone he met, and he will be sorely missed.” Morgan Stanley International bank chairman Jonathan Bloomer, his wife Judy Bloomer, Clifford Chance lawyer Chris Morvillo and his wife Neda Morvillo were also confirmed to have died after the sinking.

Sushovan Hussain, a close friend of Mr Lynch and former chief financial officer of Autonomy, said he was “utterly devastated” over the “tragic” incident. “My wife and I are utterly devastated by the deaths of so many of our dear friends. No words can e.