Italian Sea Group says it is not liable in Mike Lynch yacht sinking

Rescue operations continue after a luxury yacht sank off Sicily

FILE PHOTO: Rescue boats take part in a search operation, after a luxury yacht, which was carrying British entrepreneur Mike Lynch, sank off the coast of Porticello, near the Sicilian city of Palermo, Italy, August 21, 2024. REUTERS/Louiza Vradi/File Photo

Source: REUTERS

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. 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.

This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters