$1.5bn Battle for Sunken Treasure

By Neil Hartnell, Tribune Business Editor

A furious legal battle has erupted over efforts to recover $1.5bn in sunken treasure from Bahamian waters amid accusations that all parties involved have violated this nation’s laws.

David Concannon, an attorney and spokesperson for Allen Exploration Group (AEG), revealed to Tribune Business via e-mailed reply that the dispute with Freeport-based Daniel Porter, principal of Maritime Research & Recovery (MRR), has caused temporary disruption to the recovery of valuable artifacts and treasure from the sunken Spanish galleon, Nuestra Senora de la Maravillas.

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