The body of Suffolk tech tycoon Mike Lynch has been recovered after a luxury yacht sank off the coast of Sicily. 

Dr Lynch, who lived near Wickham Market, was among six people who went missing after a yacht he was travelling on capsized during a storm on Monday morning

Specialist divers have recovered five bodies from the sunken superyacht, named the Bayesian.

The Italian coastguard return to the harbour after searching the area when the yacht sunkThe Italian coastguard return to the harbour after searching the area where the yacht sank (Image: Jonathan Brady/PA)

The Italian Coastguard confirmed to the PA news agency that the sixth and final person yet to be found is a woman.

Dr Lynch and his 18-year-old daughter Hannah, Morgan Stanley International bank chairman Jonathan Bloomer; his wife, Judy Bloomer; Clifford Chance lawyer Chris Morvillo; and his wife, Neda Morvillo were lost when the Bayesian sank.

Dr Lynch's daughter reportedly remains missing. 

The Italian Coastguard dive teams return to harbour from the dive site of the BayesianThe Italian Coastguard dive teams return to harbour from the dive site of the Bayesian (Image: Jonathan Brady/PA)

It was reported by the Telegraph and other media on Wednesday that the body of Hannah was believed to have been found. 

The wreckage of the Bayesian is resting on the seabed at a depth of 50m. 

A decision on whether to raise the sunken yacht from the seabed is “not on the agenda”, but will be in the future, a spokesman from the Italian Coastguard has said.

Twenty-two passengers and crew were on board the yacht when it began to sink while 15 people, including Dr Lynch's wife Angela Bacares, were rescued after escaping on a lifeboat.

The boat trip in Italy was believed to be in celebration of Dr Lynch's recent acquittal in a US fraud case relating to the sale of his firm Autonomy to Hewlett-Packard.

It marked the end of a 13-year legal battle which Dr Lynch, 59, feared would end with him spending the rest of his life in a US jail.