Ex-champion racing driver may lose £32million of treasure he recovered from shipwreck at court

AN ex-champion racing driver who salvaged £32million of treasure from a shipwreck could lose the lot at court.

Ross Hyett, 67, recovered 2,364 silver bars from UK-made merchant ship the SS Tilawa — torpedoed in the Indian Ocean by the Japanese in 1942.

The secret operation took six months in 2016.

He got the 60-ton hoard back to Southampton, notifying the Receiver of Wreck.

The Admiralty Court ruled his firm, Argentum Exploration Ltd, should get a whopping salvage reward.

Judge Sir Nigel Teare said the silver — owned by South Africa and to be made into coins — had probably been “forgotten”.

He said it was a commercial cargo as it was on a merchant ship.

But South Africa objected last week, saying the silver was meant for use by its government. Their QC, Christopher Smith, said: “We own it.”

The African government learned about the wreck from a US exploration firm and in 2016 agreed a deal with them for its retrieval.

Most read in News

CASE BLOWN OPEN

Chief Maddie suspect 'has circle of pals to provide alibi at key moment'

'my child!'

Mum's agony after son, 5, 'stabbed to death' as cops quiz woman on murder

SCHOOL TRAGEDY

Teenage pupil found dead on school grounds forcing it to shut

'ABSOLUTE TRAGEDY'

Screams heard after boy, 5, 'stabbed' to death as woman, 49, arrested

But Mr Hyett had secretly located it two years earlier.

Sir Nigel granted permission for an appeal against the ­earlier ruling.

He said: “There are arguments either way.” Mr Hyett, of Derby, is an ex-British Racing Drivers’ Club boss.

GOT a story? RING The Sun on 0207 782 4104 or WHATSAPP on 07423720250 or EMAIL [email protected]

    Source: Read Full Article