Body of British tech entrepreneur Lynch retrieved from yacht, source says

Italian Coast Guards (Guardia Costiera) carry a body in Porticello near Palermo, on August 21, 2024 two days after the British-flagged luxury yacht Bayesian sank. The Bayesian, which had 22 people aboard including 10 crew, was anchored some 700 meters from port (AFP)
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Updated 22 August 2024
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Body of British tech entrepreneur Lynch retrieved from yacht, source says

  • Four bodies retrieved from sunken superyacht
  • Prosecutors investigating the cause of the sinking

PORTICELLO: The body of British tech magnate Mike Lynch was retrieved on Thursday from the wreck of his family yacht that sank earlier this week off the coast of Sicily during a violent storm, a source close to the rescue operation said.
Lynch’s 18-year-old daughter Hannah is still unaccounted for, the source said. The bodies of the other four people who vanished when the boat went down were recovered from the yacht on Wednesday.
The British-flagged Bayesian, a 56-meter-long (184-ft) superyacht carrying 22 passengers and crew, was anchored off the port of Porticello, near Palermo, when it disappeared beneath the waves in a matter of minutes after the bad weather struck.
Lynch, 59, was one of the UK’s best-known tech entrepreneurs and had invited friends to join him on the yacht to celebrate his recent acquittal in a major US fraud trial.
His body was brought ashore in a blue body bag and driven in an ambulance to a nearby hospital morgue.
Besides Lynch and his daughter, the other people who failed to escape from the boat were Judy and Jonathan Bloomer, a non-executive chair of Morgan Stanley International; and Clifford Chance lawyer Chris Morvillo and his wife, Neda Morvillo.
Fifteen people, including Lynch’s wife, managed to get to safety, while the body of the onboard chef, Canadian-Antiguan national Recaldo Thomas, was found near the wreck hours after the disaster.
Specialist rescuers have been searching inside the hull of the sunken yacht for the past three days, but operations have been challenging due to the depth and the narrowness of the places that the divers are scouring, the fire brigade said.
It compared the efforts to those carried out, on a larger scale, for the Costa Concordia, the luxury cruise liner that capsized off the Italian island of Giglio in January 2012, killing 32 people.

Uunsinkable
The disaster has baffled naval marine experts who said such a vessel, built by Italian high-end yacht manufacturer Perini and presumed to have top-class fittings and safety features, should have been able to withstand such weather.
Prosecutors in the nearby town of Termini Imerese have opened an investigation and authorities have started questioning passengers and witnesses.
The captain, James Cutfield, and his eight surviving crew members have made no public comment on the disaster.
Giovanni Costantino, CEO of the Italian Sea Group , which includes Perini, said the Bayesian was “one of the safest boats in the world” and basically unsinkable.
He added that he believed the disaster was caused by a chain of human mistakes and that the storm had been expected, in interviews with Italian media.
“The ship sank because it took on water, from where investigators will have to say,” Costantino told television news program TG1 late on Wednesday.
Citing data from the yacht’s automatic tracking system and based on available footage, Costantino said it took 16 minutes from when the wind began buffeting the yacht, and it began taking on water, for it to sink.
Costantino said the Milan-listed group had suffered “enormous damage” to its reputation, with shares falling 2.5 percent since the disaster


India to provide $450 million to cyclone-ravaged Sri Lanka

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India to provide $450 million to cyclone-ravaged Sri Lanka

COLOMBO: India has committed $450 million in humanitarian assistance to help Sri Lanka recover from the devastating damage caused by Cyclone Ditwah, foreign minister Subrahmanyam Jaishankar said Tuesday on a visit to the country.
The cyclone killed more than 640 people when it swept across the South Asian island last month, causing floods and landslides that inflicted about $4 billion in damage, according to the World Bank, or 4 percent of the country’s GDP.
Sri Lankan President Anura Kumara Dissanayake has described the storm, which affected more than two million people, as the most challenging natural disaster in the island’s history.
Jaishankar, who is on a two-day visit, told a media briefing in Colombo he had handed a letter from Prime Minister Narendra Modi to Dissanayake, committing to a “reconstruction package of $450 million.”
While $350 million will take the form of “concessional lines of credit,” the remaining $100 million will be given as grants.
Jaishankar also noted the 1,100 tons of relief material, along with medicine and other necessary equipment, sent to India’s southern neighbor in the cyclone’s immediate aftermath.
“Given the scale of damage, restoring connectivity was clearly an immediate priority,” he said, detailing the Indian military’s assistance in providing portable bridges.
Jaishankar said India would also look at other ways to mitigate the losses, including encouraging Indian tourism to Sri Lanka.
“Similarly, an increase in foreign direct investment from India can boost your economy at a critical time,” he added.
The cyclone struck as Sri Lanka was emerging from its worst-ever economic meltdown in 2022, when it ran out of foreign exchange reserves to pay for essential imports such as food, fuel and medicines.
Following a $2.9 billion bailout from the International Monetary Fund approved in early 2023, the country’s economy has stabilized.
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