Gov’t OK’s Extraction of Yamashita Treasure Underneath Baguio Convention Center

Baguio City officials have given treasure hunter Eliseo Cabusao Jr. the go-signal to extract what he believes is the fabled Yamashita treasure underneath the Baguio Convention Center.

Cabusao got the nod of aldermen to all stages of the treasure hunt, with conditions that they be allowed to view the extraction and the city be given a share of the loot. Under the agreed sharing scheme, 35 percent of the treasure will go to the city, 30 percent to the national government through the National Museum, and 35 percent to Cabusao.

Cabusao will have 60 days to find the truckloads of gold bars he believes is hidden at the government-owned property. He will be given police detail during the entire period. Cabusao didn’t say when he intends to begin the extraction process.

Cabusao holds a permit signed by National Museum director Jeremy Barns, the Treasure Hunting and Disposition of Recovered Treasures Permit.

Cabusao, during a meeting with city officials last Monday, said his extraction will not be invasive.

The Yamashita treasure refers to the supposed booty stolen by Japanese soldiers under the command of General Tomoyuki Yamashita during World War II when Japan attacked and conquered most of the Far East. It was reportedly stashed in underground tunnels and caves in the northern part of the Philippines before

Japan surrendered to the United States in 1945.

It first came to national attention when a Filipino treasure hunted named Rogelio Roxas claimed that he dug up a three-foot golden-colored Buddha and gold bullions in 1971 on state lands near Baguio City. He also claimed that former President Marcos seized his find and had Roxas beaten and incarcerated for over a year.

In March 1988, Roxas filed a lawsuit in the state of Hawaii against Marcos and former First Lady Imelda Marcos for theft and human rights abuses. /Source – Malaya/
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