(UTV|COLOMBO) – Police have raided the offices of a South Korean company which claims to have found a treasure-laden shipwreck.
Shinil Group said in July that it had found the Russian cruiser Dmitrii Donskoi, which sank in 1905 and was rumoured to hold gold worth billions of dollars.
Speculation has since spread that the alleged find might have been a scam to trick investors.
Shinil chief Choi Yong-seok has been banned from leaving South Korea.
Treasure hunters have searched for the Dmitrii Donskoi for decades, and the announcement of its discovery in July made headlines around the globe.
Shinil released submarine footage showing what it said were parts of the wreck near the island of Ulleungdo, between South Korea and Japan.
[alert color=”faebcc” icon=”fa-commenting”]Keeping up to date with breaking news while you are on the move is now simple with UTV Alerts [textmarker color=”8a6d3b”]Type REG UTV and send to 77000[/textmarker] on your Dialog, Airtel, or Hutch mobile connection[/alert]
