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5/23/07

Mercopress: Spain investigating if recovered treasure by Florida treasure hunters was taken from its territorial waters

For the complete report in the Mercopress click on this link

Spain investigating if recovered treasure by Florida treasure hunters was taken from its territorial waters

Spain is investigating whether one of the world’s biggest-ever finds of sunken treasure was plundered by US treasure hunters from its waters or from a shipwrecked Spanish galleon, the Madrid government said yesterday.

Florida-based treasure hunters Odyssey Marine Exploration (OME) said on Friday they had recovered gold and silver coins worth an estimated $500 million at an undisclosed location in the Atlantic Ocean. It flew out of Gibraltar to Tampa, Florida on a Boeing 757 on Thursday. The Florida based company stated the recovery was conducted in conformity with Salvage Law and the Law of the Sea Convention, beyond the territorial waters or legal jurisdiction of any country.

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