.Mike Lynch, previous chief executive officer at Hewlett-Packard Co.'s Liberty unit, talking at a conference on Thursday, April 25, 2013. u00c2 Bloomberg|Bloomberg|Getty ImagesLONDON u00e2 $ " The physical body of British modern technology business owner Mike Lynch, 59, has been actually recovered from the wreckage of a yacht that sank off the coastline of Sicily, a source familiar with the issue said to CNBC on Thursday, affirming earlier reporting by Sky News.Lynch's child, Hannah, continues to be unaccounted for, depending on to the source, that talked to certainly not to be identified because of the sensitive attributes of the situation. Sky News earlier stated that 5 body systems took from the accident had actually been actually identified due to the Italian coastline guard, and that Lynch was actually one of the dead.Lynch, who was actually reported missing out on Monday, was among 22 passengers aboard the Bayesian superyacht, which capsized while secured in the small angling community of Porticello, in the district of Palermo in Italy.On Wednesday, Salvatore Cocina, crown of the polite security organization in Sicily, affirmed to NBC Updates that 5 bodies had actually been recovered coming from the wreck of the luxury yacht. The only individual confirmed lifeless by authorities thus far has been Recaldo Thomas, a Canadian-Antiguan chef.CNBC has gotten in touch with the Italian shore guard and is actually waiting for a response.Lynch was founder of organization program company Liberty. He came to be the aim at of a lengthy legal battleu00c2 withu00c2 Hewlett Packardu00c2 after the company indicted Lynch of inflating Liberty's market value in an $11.7 billion purchase. HP took an $8.8 billion write-down on the value of the company within a year of purchasing it.Lynchu00c2 was acted in June of scams chargesu00c2 in a shock victory in USA court complying with a hearing that lasted for 3 months. He had actually faced charges of wire scams and conspiracy for supposedly tricky to blow up Freedom's earnings. Lynch refused misdeed and informed jurors HP mishandled Freedom's integration.Lynch was actually likewise creator of Invoke Funding, a venture capital agency supporting International technician start-ups. He ended up being an essential representation sustaining the U.K. innovation sector, backing key titles like cybersecurity agency Darktrace and lawful tech organization Luminance.Tributes were paid to Lynch complying with news of his death.Russ Shaw, founder of technology industry teams Technician London Advocates and Global Technology Proponents, pointed out Lynch "leaves behind a heritage being one of the terrific modern British specialist business owners."" His potential to understand how technician can easily fix huge challenges, and then efficiently commercialise it was actually definitely unique" Shaw pointed out in a statement emailed to CNBC. "Mike will rightly be born in mind for his work in nurturing some of Britain's wonderful technician companies, consisting of Darktrace, Luminance and also Sophia Genetic Makeup." The Royal Academy of Engineering, that made Lynch a fellow in 2008, claimed its own fiduciary panel, fellows and also workers are actually "heavily saddened" to know of his death and "deliver our extensive condolences to his household."" Our company possess warm minds of the active task he participated in [as a fellow] over the last, as a mentor, donor and also former Council participant. He was additionally some of the inaugural participants on the Business Board," the academy pointed out on the social networking sites platform X. "Our ideas are with his family and friends at this time." Lord John Browne, former chief executive officer of power firm BP, mentioned in a post on X that Lynch "must be actually born in mind as the person who catalysed a kind of profound technician business owners in the U.K. His suggestions as well as his individual vision were a powerful addition to scientific research and technology in both Britain and also around the globe.".