Two bodies found inside Mike Lynch’s sunken yacht, source says

Italian Firefighters scubadivers prepare to sail toward the area where the UK flag vessel Bayesan that was hit by a violent sudden storm, sunk early Monday, Aug. 19, 2024, while at anchor off the Sicilian village of Porticello near Palermo, in southern Italy. (AP)
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Updated 21 August 2024
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Two bodies found inside Mike Lynch’s sunken yacht, source says

  • One of the bodies belonged to a heavily built man, the source said
  • Rescue officials have been looking for 6 missing people, including Lynch, his daughter and Jonathan Bloomer, a non-executive chair of Morgan Stanley International

PORTICELLO, Italy: Scuba divers scouring the wreck of British tech Mike Lynch’s family yacht, which sank off Sicily two days ago, have found two bodies inside it, a source close to rescue operations said on Wednesday.
One of the bodies belonged to a heavily built man, the source said.
Rescue officials have been looking for six missing people, including Lynch, his 18-year-old daughter and Jonathan Bloomer, a non-executive chair of Morgan Stanley International.
The British-flagged Bayesian, a 56-meter-long (184-ft) superyacht, was carrying 22 people, and was anchored off the port of Porticello, near Palermo, when it capsized during a fierce storm on Monday.
Fifteen people survived, while the body of the onboard chef, Canadian-Antiguan national Recaldo Thomas, was found near the wreck hours after the disaster.
Inspection of the wreck, lying sideways at a depth of around 50 meters, was a “long and complex” operation, the Italian fire department said, with inside spaces obstructed by furniture and debris, and scuba divers having just 8-10 minutes beneath the water before needing to resurface.
Separately, the coast guard deployed a remotely operated vehicle to scan the seabed and take underwater pictures and videos that it said may provide “useful and timely elements” for prosecutors looking into the disaster.
The coast guard has been questioning survivors, including the captain of the Bayesian, and passengers on the yacht that was moored next to it who witnessed the ship going down, judicial sources said.
No one is under investigation at the moment, sources added.

Missing passengers
Lynch, 59, is one of the UK’s best-known tech entrepreneurs and has been referred to as the country’s Bill Gates.
He built the UK’s largest software firm, Autonomy, which was sold to HP for $11 billion in 2011, after which the deal spectacularly unraveled with the US tech giant accusing him of fraud, resulting in a lengthy trial. Lynch was acquitted on all charges by a jury in San Francisco in June.
The other missing passengers were Bloomer’s wife Judy, Clifford Chance lawyer Chris Morvillo and his wife, Neda Morvillo. Morvillo represented Lynch in the San Francisco trial, while Bloomer was a character witness on his behalf.
Experts have been at a loss to explain how a large luxury vessel, presumed to have top-class fittings and safety features, could have sunk within minutes, as recounted by witnesses. The yacht anchored next to it was unharmed by the tempest.
The Bayesian, which was owned by Lynch’s wife, was built by Italian shipbuilder Perini in 2008 and last refitted in 2020. It had the world’s tallest aluminum mast, measuring 72 meters, according to its makers.

Black swan event 
Its captain James Cutfield, a 51-year-old New Zealander who survived the shipwreck, was a “very good sailor” and “very well respected” in the Mediterranean, his brother Mark told The New Zealand Herald.
Matthew Schanck, chair of the Maritime Search and Rescue Council, a UK-based non-profit organization that trains sea rescuers, said the Bayesian was the victim of a “high impact” weather-related incident.
“If it was a water spout, which it appears to be, it’s what I would class as like a ‘black swan’ event,” he told Reuters, referring to a rare and unpredictable phenomenon.
He said he was confident the authorities would “get to the bottom” of what caused the shipwreck, thanks to the accounts of survivors, witnesses and examination of the sunken hull, which did not show any apparent signs of damage. 


‘Peace and stability are ultimate prerequisites for growth and prosperity,’ Indonesia’s president tells WEF

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‘Peace and stability are ultimate prerequisites for growth and prosperity,’ Indonesia’s president tells WEF

  • While world faces tightening financial conditions, trade tensions, political uncertainty, ‘Indonesia continues to grow,’ says Prabowo Subianto
  • He says country does not fear economic integration

BEIRUT: History teaches us that “peace and stability are our most valuable assets” and the “ultimate prerequisites for growth and prosperity” as there will be no prosperity without peace, Indonesia’s president said on Thursday.
Prabowo Subianto, in his special address before the World Economic Forum, said: “We gather here in Davos at a time of great uncertainty; a time when wars continue to break out … a time when trust between nations, between institutions, between peoples is fragile.”
According to Subianto, the International Monetary Fund recently described Indonesia as “a global bright spot with strong economic growth amid a challenging external environment.”
While the world faced tightening financial conditions, trade tensions and political uncertainty, “Indonesia continues to grow,” Subianto said, adding that his country’s economy had grown by more than 5 percent every year over the last decade.
“I am confident that this year our growth will be higher,” he said, noting that inflation remained at about 2 percent, while the government deficit had been kept below 3 percent of gross domestic product.
He said that international institutions did not praise Indonesia because of unfounded optimism, but because of evidence. “They recognized that Indonesia’s economy is resilient,” he said, emphasizing that “peace and stability in Indonesia over the years” did not happen by chance.
He added that his country had always chosen unity over fragmentation, and friendship and collaboration over confrontation. He stressed “friendship over enmity.”
Subianto explained that his country had never defaulted on paying its debts and “succeeding regimes always pay the debts of the preceding regime.”
Regarding the economy, the Indonesian president said his country did not fear economic integration, adding: “We have been a trading nation for hundreds of years, and we now conclude trade agreements, not because it is fashionable but we consider it necessary.
“We believe in the concept of win-win. Last year we signed free trade agreements and comprehensive economic partnership agreements with Europe, the EU, Canada (and) Peru, and I have just visited the UK to sign our new strategic partnership and also an economic growth agreement.” He hopes that by 2027 Indonesia has in place a comprehensive economic partnership agreement with the UK.
Its policy is part of the country’s strategy to deepen productivity, reduce barriers and unlock private sector growth for Indonesia, ASEAN (the Association of Southeast Asian Nations) and the Global South, he said.
Subianto added in a session chaired by Borge Brende, WEF’s president and CEO: “We believe that trade integration, when done fairly, is not a threat to sovereignty. We believe trade is a tool for prosperity.
“Indonesia has a clear vision, as we are determined to become a modern country integrated with the global economy (while) providing (a) good quality of life for its citizens, living free of poverty and hunger.”
He further highlighted the importance of political and economic stability as a prerequisite for investments.
Toward the end of his address, the Indonesian president reiterated that “peace and stability is a long and arduous program.”
He added: “Indonesia chooses peace versus chaos. We want to be a friend to all, and an enemy to none. We want to be a good neighbor and a good, responsible citizen of the world, protecting the environment and protecting nature. We must not destroy nature, and live with it.
“Let us build the world we want to live in together. Let us continue the journey to improve the quality of life for all to live in peace, freedom, friendship, tolerance, coexistence, and (with) cooperation for all races, ethnicities, and religions.
“Let us continue our pursuit of justice for all, and security and freedom for all.”