According to American archaeologist Tony Wells there are 185 shipwrecks thought to hold priceless cargo just waiting for salvage in Indonesia s territorial waters One of them is a Portuguese ship the Flor de la Mar with a cargo value estimated at Rp56 trillion The hunt for sunken treasure over the last 11 years has only contributed Rp4 million to government coffers In the meantime Michael Hatcher an English treasure hunter has illegally taken sunken treasure worth millions of dollars from Indonesian waters without paying a single penny to the government How come TEMPO s investigation is trying to establish why the goven11nent seems to be neglecting the potential of the substantial an1ounts in recoverable treasureAccording to American archaeologist Tony Wells there are 185 shipwrecks thought to hold priceless cargo just waiting for salvage in Indonesia s territorial waters One of them is a Portuguese ship the Flor de la Mar with a cargo value estimated at Rp56 trillion The hunt for sunken treasure over the ...last 11 years has only contributed Rp4 million to government coffers In the meantime Michael Hatcher an English treasure hunter has illegally taken sunken treasure worth millions of dollars from Indonesian waters without paying a single penny to the government How come TEMPO s investigation is trying to establish why the goven11nent seems to be neglecting the potential of the substantial an1ounts in recoverable treasure