Police have found a body in the Huka Falls.
Taupo police officers and the Coastguard searched the falls after onlookers reported a man in the water just after 5pm yesterday.
A police spokeswoman said the police dive squad arrived at 10pm and pulled the body of a 32-year-old man out of the Waikato River.
He was discovered down river from where he was last seen.
Onlookers saw the man in the river but then lost sight of him, a police spokeswoman said.
Senior Constable Barry Shepherd told Fairfax friends of the man called police after he fell nto the water at the popular tourist spot.
"His friends had lost sight of him."
The police dive squad were making inquiries into how the man ended up in the river.
He had previously lived in Taupo and still had ties to the town.
It was understood the man's father had been told.
"It is incredibly sad news," Shepherd said.