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GB News: Shipwreck that once held 'eyewatering treasure' and sunk after infamous pirate raid discovered off Madagascar coast
Shipwreck that once held 'eyewatering treasure' and sunk after infamous pirate raid discovered off Madagascar coast
Researchers have identified an 18th-century shipwreck off Madagascar, believed to be a Portuguese treasure ship captured by pirates in 1721. The ship, which was en route from Goa to Lisbon, was laden with a significant amount of treasure, including diamonds and gold, valued at over $138 million today.

The investigation, led by the Centre for Historic Shipwreck Preservation, uncovered 3,300 artifacts, suggesting the ship was involved in long-distance trade within the Indian Ocean economy. The unique artifacts linked to Catholicism indicate its pirate capture was distinct from other vessels in the region.