Sunken Fortunes And Indian Law: Would You Be Rich If You Found Treasure Underwater?

Off Colombia’s Caribbean coast, the discovery of the Spanish galleon San José in 2015 reignited the global debate over ownership of sunken treasure.

The Indian Treasure Trove Act, 1878 requires anyone discovering hidden valuables to report the find to local authorities. The government can then acquire the treasure, with the finder receiving only a modest reward. Failure to report can lead to fines or imprisonment.

Source : ABPLIVE AI

On the night of 30 July 1715, a dozen Spanish ships carrying gold and silver mined from the Americas sailed north along Florida’s Atlantic coast. Before dawn, a hurricane struck, sinking 11 ships, killing more than 1,000 men, and sending tons of treasure, worth an estimated $400 million today, to the ocean floor. It remains one of history’s deadliest maritime disasters. More than three centuries later, the wrecks continue to yield riches. On September 30, a team working for 1715