Morgan Stanley boss among missing as tech tycoon's yacht sinks while celebrating US fraud acquittal

Tragedy struck when a superyacht owned by tech magnate Mike Lynch , often dubbed the "British Bill Gates," capsized amidst a violent storm off the Sicilian coast early Monday morning.

Jonathan Bloomer, the chairman of Morgan Stanley International, has now been named as one of several individuals still unaccounted for following the sinking of the luxury vessel Bayesian off the coast of Sicily . The yacht, which was carrying 22 people including British, American, and Canadian nationals, went down approximately 700 meters from Porticello, just southwest of Palermo, around 5 am local time.

Mike Lynch , aged 59, his 18-year-old daughter, his attorney Christopher Morvilla, and Morvilla's wife Nada are also reported missing. Italian search teams resumed their efforts to locate the missing at around 6:30 am today, as reported by La Reppublica.

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The Bayesian had 10 crew members and 12 passengers on board when it succumbed to the storm. According to witnesses speaking to Ansa, the Italian news agency, the yacht's anchor was deployed during the tempest, causing the mast to break and destabilize the vessel.

The sunken wreckage now lies at a depth of roughly 54 yards, and rescue operations are gearing up to probe the site for those still missing, the BBC reports. Several survivors have been rescued from the calamity, identified locally as Sasha Murray, Irish, 29; Frenchman Matthew Griffith, 22, captain of the boat; James Caulfield, New Zealander, 51; Ayla Ronald, 36, from London; and Myin Kyaw Htun, 39, from Myanmar.

British experts are due to touch down in Palermo today, dispatched by the UK Marine Accident Investigation Branch to lend their expertise to the ongoing search and rescue efforts. The disaster comes after Lynch had been exonerated earlier this year from accusations of monumental fraud related to the sale of his software company Autonomy to Hewlett-Packard in 2011.

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Meanwhile, Stephen Chamberlain, who stood trial alongside Lynch, was tragically confirmed dead after being hit by a vehicle on Saturday while out for a run in Cambridgeshire. The Guardian quotes Chamberlain's attorney: "He was a courageous man with unparalleled integrity, and we deeply miss him. He fought successfully to clear his good name, which lives on through his wonderful family."

Lynch had reportedly been celebrating his acquittal when the yacht sank. The father of survivor Ayla Reynold, a New Zealand national who had been working on the case at the Clifford Chance legal firm, told the Telegraph: "Ayla is a lawyer who is part of the legal team that were invited to go sailing as a result of the success in the recent United States court case."