Last Body Found from Sunken Sicily Yacht as All 6 Missing Passengers Confirmed Dead

The five other missing passengers were recovered on Wednesday, Aug. 21

The final body from the luxury yacht that sank off the coast of Sicily has been found.

Italian coast guard sources told PEOPLE on Friday, Aug. 23 that the "last person still missing in the Palermo shipwreck is identified."

The discovery comes after four bodies were recovered on Wednesday, Aug, 21, while a fifth body was found in the wreckage.

The Bayesian, a 183-foot vessel, sank around 5 a.m. local time on Monday, Aug. 19, while moored around a half mile from the coast of Porticello, according to an Italian coast guard statement previously obtained by PEOPLE.

At the time of the disaster the yacht was carrying 22 people. Immediately after it sunk, 15 people were rescued and 1 body was recovered — later identified as chef Recaldo Thomas.

On Thursday, Aug. 22, an Italian government official confirmed that British tech entrepreneur Mike Lynch was among the dead.

While the Italian authorities have not formally identified the recovered bodies, an Italian interior ministry official confirmed that Lynch was one of the bodies found, reported Reuters. His daughter Hannah remained missing at the time.

The father-daughter pair had been among six passengers missing in the aftermath of the sinking, while Lynch's wife, Angela Bacares, was one of 15 people who were rescued.

Others missing have previously been identified as Chairman of Morgan Stanley International Jonathan Bloomer, his wife, Judy, and New York City-based lawyer Christopher Morvillo and his wife, Neda.

Related: Survivor of Yacht That Sank Off Sicily's Coast Recalls How She Used 'All My Strength' to Save Her 1-Year-Old

A source close to the investigators dealing with the incident previously told PEOPLE that authorities are focusing on the victims before looking into what happened.

"Obviously the priority is being able to work out what has happened to those that are missing and recover any bodies," the source said. "At the moment, no one has been placed under investigation because until they find the bodies, they cannot evaluate any sort of accusation or charge."

Related: Bodies of Children, 3 and 5 Years Old, Recovered, Dad Still Missing After Sailboat Capsizes in Wisconsin

Lunch's wife, Angela Bacares, is one of the individuals who was rescued, according to a local source.

The passengers were celebrating after Lynch was acquitted in June in a financial fraud trial in the U.S., a source close to the survivors told PEOPLE.

“That's why he took his closest friends and colleagues on the trip,” the source said.

Related: 'We Are in Shock,' Prominent N.Y.C. Attorney's Firm Says After He and His Wife Go Missing in Yacht Sinking

Morvillo had represented Lynch in the fraud case and other firm employees were on the Bayesian as well, a spokesperson for Clifford Chance, his law firm, said in a statement.

In story published on July 27 by The Sunday Times in a story published on July 27, Lynch said that he felt like he could have have died in prison had he been convicted.

“I have various medical things that would have made it difficult to survive,” Lynch, a father of two children — Hannah, 18, and another daughter, 21 — told the paper.

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Danny Fortson, who interviewed Lynch for the story, previously told PEOPLE that Lynch seemed "incredibly grateful and happy," but was still "struggling to accept" his new reality.

Ahead of his conversation with PEOPLE, The Sunday Times correspondent shared a post on X (formerly known as Twitter) reacting to the news that Lynch and his 18-year-old daughter were missing.

He wrote, "The terrible irony is that when we sat down last month, he made it clear that he felt he had won a new lease on life.’ ”

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