Sicily yacht sinking LIVE: Family of Mike and Hannah Lynch 'devastated' as final body recovered from Bayesian

A body has been found in the search for the final person missing from the wreck of the Bayesian superyacht that sank off the coast of Sicily.

Divers today resumed their search for Hannah Lynch, 18, the daughter of technology tycoon Mike Lynch, who remained ‘unaccounted for’.

The Italian Coastguard told media this morning that they had found a body and it had been brought to shore.

Following the discovery the Lynch family released a statement saying they are “devastated, in shock and being comforted and supported by family and friends”.

"Their thoughts are with everyone affected by the tragedy. They would like to sincerely thank the Italian coastguard, emergency services and all those who helped in the rescue,” the statement continued.

"Their one request now is that their privacy be respected at this time of unspeakable grief."

Mr Lynch, his daughter, 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 at around 5am on Monday in a severe storm.

Italian authorities have launched an investigation into how the boat sank as questions continue to mount around how the tragedy occurred.

They are 'investigating shipwreck and multiple counts of culpable manslaughter', Italian media reported on Friday.