Russian warship 'carrying £100 billion in gold' discovered off South Korea
Russian warship 'carrying £100 billion in gold' discovered off South Korea
Russian warship carrying £100BILLION worth of GOLD found off South Korea
22 July, 2018, 05:30
The Shinil Group said it discovered the Russian cruiser Dmitri Donskoii of the Baltic Fleet in waters off South Korea's eastern Ulleung Island on Sunday.
But after people began speculating on the stock market, South Korea's financial supervisory service warned it is looking for evidence of investors being misled.
The FSS was referring to Dong Ah Construction Industrial, a company whose construction business went bankrupt in 2001.
The gold on board could be the treasury of the entire fleet, United Kingdom newspaper Express reports, carrying enough for port expenses and the salaries of every sailor and officer.
However, their claim was disputed by the Korea Institute of Ocean Science and Technology (KIOST) shortly after.
The company released photos and videos of the warship on its official website.
Part of the remaining treasure would also help fund infrastructure projects in north east Asia such as a new railway linking South Korea and North Korea. Shinil Group first discovered the ship earlier this month, then recruited the Vancouver-based exploration team to pinpoint the vessel and verify its identity.
It's also uncertain just how much of the gold Shinil Group will be able to recover.
The price of Jeil Steel shares soared a whopping 30 percent on Tuesday because Ryu Sang-mi, head of the Shinil Group, is the second largest shareholder of the steel company.
The salvage company that found the ship said they plan to raise it, but they didn't say when.
Russian first-class armored cruiser Donskoii
Jeil's stock prices sharply rose after Shinil's gold claims on Monday before they dropped more than 20 percent after Thursday's trading.
If Shinil's speculation turns out to be true, the shipwreck would be one of the world's most astonishing treasure finds in recent history - and a likely source of a diplomatic and legal tug of war. People signing up for the exchange will receive virtual currency dubbed Shinil Gold Coins, with additional "Coins" given to those who attract additional members.
There was no answer from the telephone number or email address listed on the cryptocurrency website when MailOnline tried to make contact. Shinil Group is not listed.
But no proof exists that the ship carried gold, with academics raising doubts that a warship would carry such valuable cargo.
An official with the South Korean Ministry of Oceans and Fisheries said that the company had not yet applied for salvage rights, which would require a down payment of about 10% of the estimated value of whatever they recover to the area's maritime police.
In today's values, 200 tonnes of gold would be worth a whopping £100 billion.
Shinil disagreed on the amount of its possible deposit, saying what it has officially located was the shipwreck, not treasures on it.
"We held a press conference to reveal the finding in 2003", said the company in a statement.
Companies from China, Canada and the United Kingdom are all helping the South Korean team raise the wreck, which will start in October.
Dananjaya and Rangana Herath frustrated South Africa through the morning session as they added 61 runs to the overnight total. Live Cricket Score Sri Lanka vs South Africa 2nd Test Day 2 Live Streaming: Sri Lanka take on South Africa .
He was nine shots behind Zach Johnson and Kevin Kisner , who shared the lead at Carnoustie on 6-under 136. Fleetwood shot a 63 at Carnoustie past year in the Dunhill Links, but that was a European Tour event.
Marvel fans will not have to wait long for the Marvel Powers as it was announced that the game will launch next week on July 31. The game features 18 different Marvel characters as its heroes and has 9 Villains from the same Marvel family.
With San Diego Comic-Con upon us, we'll review what's been announced and share some thoughts on what we hope to see at SDCC. Asher Angel plays the younger version while Zachary Levi fills out the super-suit and the adult-looking side of the role.
The Summit with Russian Federation was a great success , except with the real enemy of the people, the Fake News Media. OK?" Coats explained of his reasoning and his relations with Trump: 'We started a good relationship.
In an apparent reference to Fed rate increases, Trump tweeted: "Tightening now hurts all that we have done". Chinese actions have prompted Trump to express dissatisfaction with the Fed's monetary policy.
Asked whether Sanders has been interviewed in the special counsel probe, Sanders spokesperson Josh Miller-Lewis said he has not. Carlson slammed the idea that Manafort had been charged but not Podesta for engaging in similar foreign activities.
The ex-foreign minister said he was unable to support the Chequers plan and is happy to be speaking out against it. The EU thinks a Brexit no-deal scenario would be a bureaucratic, practical and financial nightmare for Europe.
Drejka frequently visited the store and was angry over her use of the parking spot without a legal permit, Gualtieri said. In surveillance footage taken from inside the store, McGlockton can be seen falling to the ground in front of his son.
Trump appeared to answer "no" to a reporter's question asking whether Russian Federation was still targeting the U.S. Among those Russian Federation was seeking to question was former United States ambassador to Moscow Michael McFaul.
Trump Office Seeks Rule Changes For Endangered Species
Administration officials announced Thursday a new policy will reduce "conflict and uncertainty" surrounding species' statuses. The Pacific Legal Foundation, a conservative law firm headquartered in California, lobbied for some of the changes.
DeMarcus Cousins doesn't give a 'f--k' about what you think
Cousins added that he had already spoken with Warriors stars Stephen Curry , Draymond Green and Durant before making his decision. Perhaps that might explain why 29 other National Basketball Association teams appeared reluctant to acquire Cousins.
Amazon Prime Day sales net estimated $4bn shopper spend
These new memberships give Amazon greater access to further sales, as members typically spend more on the site than non-members. Increased from a 30-hour sale window previous year , Prime Day 2018 was the biggest-ever shopping event in Amazon's history.
British Open leaderboard 2018
Rose is No. 3 and almost joined them until he made an 18-foot birdie putt on the last hole to make the cut on the number. Spieth set the tone in the afternoon when he decided on the way to the first tee to hit driver on the 396-yard hole.
Alphabet rolling out Internet balloons with Telkom Kenya
The balloons will be tested in central Kenya, which has been hard to serve because of its mountainous or inaccessible terrain. In this case, Telkom Kenya beams wireless internet signals to a Loon balloon, which works as a relay across an area below it.
Sweden struggles to contain ferocious wildfires - International
Five wildfires were burning Wednesday in the forests outside the town of Jokkmokk, a popular tourist destination in the winter. Neighboring Norway was hit by wildfires in 100 locations in the south last week, some of which were triggered by lightning.
Rohingya report more violence, persecution in Myanmar: U.N
The Myanmar government has said repeatedly that the ICC can not prosecute it because the country is not a member of the court. The report is based on a 21-month investigation, including 254 interviews, done by Fortify Rights in Myanmar and Bangladesh.