Sea Search Armada, American Marine Salvage Group, Files New Suit against Colombia

25 Apr 2013 12:00 PM | Anonymous

Sea Search Armada, American Marine Salvage Group, Files New Suit against Colombia WASHINGTON --

Sea Search Armada (SSA), a group of U.S. investors engaged in worldwide marine salvage operations, filed a new lawsuit against the Government of Colombia on April 24 in U.S. District Court, Washington D.C. SSA’s suit claims that Colombia unlawfully interfered with SSA’s legitimate operations to recover the ship believed by many to be the most valuable ship ever sunk.

The galleon San Jose carried coins and precious metals mined and smelted in Peru, and valued by experts to between $4 billion and $17 billion. The ship was sunk outside Cartagena, Colombia in 1708.

In 1980, a marine salvage operation was mounted by a group now owned by SSA with the permission and participation of the Colombian government (GOC). After discovering the San Jose wreck site and notifying the GOC, the Colombians reneged on their agreement to share proceeds of any recovered treasure.

http://www.fortmilltimes.com/2013/04/24/2642835/sea-search-armada-american-marine.html

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