South Korean firm backtracks on $176 billion ‘treasure ship’ gold claim

July 26, 2018 1:54 PM

SEOUL (REUTERS) – A South Korean company that claimed to have found the wreck of a Russian warship holding US$130 billion (S$176.81 billion) in gold said on Thursday (July 26) it has not verified the existence of any gold, while a financial watchdog said it was probing possible unlawful stock trading.

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