‘Holy Grail of shipwrecks’ to be exhumed off Colombia with $20B sunken treasure
The company is suing the Colombian government for half the treasure, or $10 billion, according to its estimate, under the US-Colombia Trade Promotion Agreement, according to Bloomberg
By News on the Net -- New York Post—— Bio and Archives--November 6, 2023
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Colombia is hoping to expedite its mission to recover a three-century-old sunken treasure worth as much as $20 billion as the ownership of the fortune lies in legal limbo amid an ongoing court battle.
President Gustavo Petro ordered his administration to exhume the “holy grail of shipwrecks” — the Spanish galleon San José — from the floor of the Caribbean Sea as soon as possible, the country’s minister of culture told Bloomberg last week. ---More...
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