CEO of Italian Sea Group says not liable for fatal sinking of Mike Lynch's superyacht
Divers of the Vigili del Fuoco, the Italian Corps. of Firefighters arrive in Porticello harbor near Palermo, with a third body at the back of the boat on August 21, 2024, two days after the British-flagged luxury yacht Bayesian sank. Divers searching for six missing people following the sinking of a superyacht off Sicily in a storm have found two bodies, a source close to the search told AFP. The Bayesian, which had 22 people aboard including 10 crew, was anchored some 700 metres from port before dawn when it was struck by a waterspout. Among the six missing were UK tech entrepreneur Mike Lynch and his 18-year-old daughter Hannah, and Jonathan Bloomer, the chair of Morgan Stanley International, and his wife Judy. PHOTO: AFP
Italian Sea Group is not liable in relation to the fatal sinking of Mike Lynch's superyacht, which killed the British tech billionaire and six others, its chief executive said on Tuesday.
The Bayesian was built in 2008 by Perini Navi, an Italian luxury yacht maker that is now owned by the Milan-listed Italian Sea Group (TISGR.MI), opens new tab. The yacht sank in August after it was hit by a violent storm off the coast of Sicily.
Italian Sea Group CEO Giovanni Costantino said in an analyst presentation that the 2021 acquisition of Perini Navi assets in a bankruptcy auction came "without any responsibility for the activities carried out by the previous management".
An Italian prosecutor has opened a manslaughter investigation into a sinking that has puzzled industry experts.