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The wreck of the SS Tilawa was found 2.5km under the sea and in 2017 Argentum spent six months secretly retrieving the silver. (on who owns about $43 million worth of silver bullion recovered from a cargo ship that sank during World War II proves it so.the treasure recovered by a British marine exploration firm from the SS Tilawa, which was sunk by a Japanese submarine en route to South Africa, belonged to that country.
The valuable cargo remained inaccessible until 2017, when a specialized salvage vehicle from Argentum Exploration, a British company owned by hedge fund executive Paul Marshall, successfully retrieved the silver worth $43 million in 2020. The bars were taken to the UK and claimed as Argentum’s property. The company later conceded South Africa owned the bars, but claimed compensation for recovering them. The finders argued that since salvaging is voluntary, they could request payment even though South Africa had not asked them to retrieve the silver.
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