and five others he was holidaying with are trapped inside his yacht which sank in a . Vincenzo Zagarola of the Italian Coastguard said the working theory of officials is that they were inside. He said search and rescue efforts are yet to deliver any results.

The British-flagged named Bayesian was carrying 12 and 10 members of crew when it sank at around 5am local time on Monday as the area was hit by a storm. What was supposed to be a joyous trip to celebrate the end of a 13-year legal battle ended in tragedy. One man is confirmed to have died and another 15 were rescued.

Here's what we know about the 22 people. British technology tycoon Mike Lynch had been in the headlines long before the boat incident following being the centre of a high-profile fraud case. The 59-year-old is known for founding Invoke Capital and Autonomy, and his disappearance comes just weeks after charges by a US jury related to the sale of his software company Autonomy to Hewlett-Packard (HP) in 2011.

HP claimed, just a year after the sale, that Mr Lynch had used accounting tricks to artificially inflate its value before the sale. He spent 13 months under house arrest before being extradited to the US last May for a trial that acquitted him in June this year on all 15 counts. Mr Lynch told a journalist last month that he was “about to go on a very long holiday.

” In June, he spoke of his “indescribable relief” at being back at home in Suffolk with his wife, daughters and their six dogs. He told r.