Controversial English engineer Mike Lynch disappeared on an Italian ship

by time news

2024-08-19 17:12:11

British businessman Mike Lynch, in London, March 25, 2019.

Sometimes he is nicknamed “British Bill Gates”, because he is one of the few successful entrepreneurs in the United Kingdom in new technologies. He has also been at the center of a long legal saga, accused of a complex and large-scale fraud, before winning, against all expectations, his trial in June. Mike Lynch will not be happy to see his name disappear for a long time: on Monday August 19, he disappeared after his yacht sank off the coast of Sicily, following a violent storm.

Them Bayesiana 56 meter high boat flying the British flag, where the businessman was with twenty other people, one of them died and the other five are still missing, in a storm around 5 am, off the coast Porticello, 15 kilometers east of Palermo, according to a press release from the Italian coast guard.

According to the national news agency ANSA, Mr Lynch was on board with other British citizens and citizens of New Zealand, Sri Lanka, France and Ireland. Some of the survivors, including a little girl, were taken to hospitals in Palermo. At the time of the sinking, the Sicilian coast had strong storms and rains, which appeared in the sea through the water that caused the accident, which sank in the sea. Bayesian at a depth of 49 meters.

Weather events of this nature, similar to small hurricanes, have been frequent especially in recent days in Sicily, but also in central Italy and Sardinia.

One of the country’s first fortunes

Mike Lynch’s life changed on August 11, 2011, when Hewlett-Packard (HP) bought Independent, the company he founded fifteen years later, for $ 11.7 billion (€ 10.5 early). The great American company, which was made obsolete by competition with its non-working printers and outdated computers, then hoped to revive itself by betting on this company which provides software for managing large databases, the ancestors of artificial intelligence.

Mr Lynch, who grew up in a humble family in east London, before studying brilliant engineering at Cambridge, later became one of the country’s leading fortunes, putting half a billion dollars into the pocket for 8% of his company.

also read (2012) | The “Autonomous” scandal ends the “annus horribilis” for Hewlett-Packard

One of the biggest accounting sagas of the last decade quickly followed. HP was doing badly and a few weeks after the acquisition of Autonomy, its boss, Léo Apotheker, was fired, accused of paying too much for Mr. Lynch’s company.

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