{"id":121040,"date":"2023-11-06T11:49:04","date_gmt":"2023-11-06T11:49:04","guid":{"rendered":"https:\/\/cottontailsonline.com\/?p=121040"},"modified":"2023-11-06T11:49:04","modified_gmt":"2023-11-06T11:49:04","slug":"holy-grail-shipwreck-with-16bn-treasure-on-board-to-be-raised-from-seafloor","status":"publish","type":"post","link":"https:\/\/cottontailsonline.com\/world-news\/holy-grail-shipwreck-with-16bn-treasure-on-board-to-be-raised-from-seafloor\/","title":{"rendered":"Holy grail shipwreck with \u00a316bn treasure on board to be raised from seafloor"},"content":{"rendered":"

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Colombia\u2019s President is entering a legal battle to exhume what he called the \u201cHoly Grail\u201d of shipwrecks carrying treasures thought to be worth \u00a316 billion ($20 billion).<\/p>\n

President Gustavo Petro ordered his administration to bring up the Spanish galleon San Jos\u00e9 from the bottom of the Caribbean Sea, Colombia\u2019s Ministry of Culture told\u00a0Bloomberg.<\/p>\n

Petro wants to bring up the huge treasure ship before his term ends in 2026, according to Minister of Culture Juan David Correa who said it was a priority for his administration.<\/p>\n

He said: \u201cThis is one of the priorities for the Petro administration. The president has told us to pick up the pace.\u201d<\/p>\n

However, there is currently a dispute as to who owns the gold, silver and emeralds believed to be aboard the vessel worth between \u00a33billion and \u00a316billion ($4billion – $20billion), according to a lawsuit.<\/p>\n

READ MORE: <\/strong> Digital scans unfold crumpled Iron Age gold treasures to uncover their secrets<\/strong><\/p>\n

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In 1981, the US company Glocca Morra claimed it discovered the ship’s lost treasure nearly three centuries after it was sunk in 1708.<\/p>\n

The three-masted, 62-gun treasure ship sank around 2,000 feet with 600 crew members onboard coming to rest on the bottom of the Caribbean Sea following a naval battle with the British during the War of Spanish Succession.<\/p>\n

In 2015, Columbia\u2019s then-President Juan Manuel Santos claimed the country found the wreck of the San Jos\u00e9 in another area on the sea floor.<\/p>\n

Don’t miss… <\/strong> Ancient Greek breakthrough as ‘special’ treasure found near legendary palace[INSIGHT] <\/strong><\/p>\n

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