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The San Jose shipwreck is believed to have a treasure of gold, silver and emeralds worth as much as $20 billion.Hundreds of Rothschild family treasures to be sold in historic auction worth millionsColombia 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.
Petro wants to bring the 62-gun, three-masted ship to the surface before his term is up in 2026 and has requested a public-private partnership be formed to see it through, Minister of Culture Juan David Correa told the outlet Wednesday. Years later, in 2015, Columbia’s then-President Juan Manuel Santos said the country’s navy found the San José wreck at a different location on the sea floor.
The company is suing the Columbian government for half the treasure, or $10 billion, according to its estimate, under the US-Colombia Trade Promotion Agreement, according to Bloomberg.
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