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Silver treasure found | So-Co-IT

In 1942, the SS Tilawa sank off the coast of the Seychelles. On board were 2,391 silver bars. A Japanese submarine fired two torpedoes at the SS Tilawa, which was also overloaded with passengers and cargo. To this day, the sinking of the ship remains one of the greatest tragedies in maritime history. The silver bars, worth about $43 million, were recovered more than 70 years later. A years-long international dispute broke out over the treasure. Entrepreneur and British racing champion Ross Hyett ....

Baden Wüberg , United States , United Kingdom , South Africa , Region De Tacna , South African , Ross Hyett , Tier One , One Silver , Tier One Silver , Swiss Resource Capital ,

EDITORIAL | Government must salvage some dignity and pay reward

While nobody denies that the R700m in silver belongs to the SA state, refusing to pay a salvage reward is unreasonable ....

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SA loses appeal on salvage costs for sunken ship with R775m in silver bars on board

The SS Tilawa was torpedoed northwest of the Maldives by a Japanese submarine in 1942. There 678 survivors, 280 people drowned ....

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The Saga of the $43 Million Treasure Onboard the Sunken SS Tilawa Nears Its Final Chapter

Finders keepers might apply in real life for things that are of little value, but when it comes to actual treasures, the kind worth dozens of millions, i. ....

South Africa , United Kingdom , City Of , Kwazulu Natal , Republic Of South Africa , South African , Ross Hyett , British India Steam Navigation Company , Admiralty Court ,

British racing driver who salvaged £32m treasure wins court fight

British champion racing driver Ross Hyett, 67, who salvaged £32m worth of silver from a Second World War wreck off the Maldives has won a court fight waged by the South African government ....

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