Yamashita's gold
Encyclopedia
Yamashita's gold, also referred to as the Yamashita treasure, is the name given to the alleged war loot
War loot
War loot refers to goods, valuables and property obtained by force from their lawful owners via looting during or after warfare. These "spoils of war" differ from tributes or other payments extracted after the fact by a victorious nation in that their extraction is largely arbitrary and immediate,...

 stolen in Southeast Asia
Southeast Asia
Southeast Asia, South-East Asia, South East Asia or Southeastern Asia is a subregion of Asia, consisting of the countries that are geographically south of China, east of India, west of New Guinea and north of Australia. The region lies on the intersection of geological plates, with heavy seismic...

 by Japanese forces
Empire of Japan
The Empire of Japan is the name of the state of Japan that existed from the Meiji Restoration on 3 January 1868 to the enactment of the post-World War II Constitution of...

 during World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...

 and hidden in caves, tunnels and underground complexes in the Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...

. It is named for the Japanese general Tomoyuki Yamashita
Tomoyuki Yamashita
General was a general of the Japanese Imperial Army during World War II. He was most famous for conquering the British colonies of Malaya and Singapore, earning the nickname "The Tiger of Malaya".- Biography :...

, nicknamed "The Tiger of Malaya". Though accounts that the treasure remains hidden in Philippines have lured treasure hunters from around the world for over fifty years, its existence is discounted by most experts. The rumored treasure has been the subject of a complex lawsuit that was filed in a Hawaii
Hawaii
Hawaii is the newest of the 50 U.S. states , and is the only U.S. state made up entirely of islands. It is the northernmost island group in Polynesia, occupying most of an archipelago in the central Pacific Ocean, southwest of the continental United States, southeast of Japan, and northeast of...

an state court in 1988 involving a Filipino treasure hunter, Rogelio Roxas, and the former Philippine president, Ferdinand Marcos
Ferdinand Marcos
Ferdinand Emmanuel Edralin Marcos, Sr. was a Filipino leader and an authoritarian President of the Philippines from 1965 to 1986. He was a lawyer, member of the Philippine House of Representatives and a member of the Philippine Senate...

.

The looting and the alleged cover-up

Prominent among those arguing for the existence of Yamashita's gold are Sterling Seagrave
Sterling Seagrave
Sterling Seagrave is author of The Soong Dynasty, The Marcos Dynasty, Gold Warriors and numerous other books which address unofficial and clandestine aspects of 20th Century political history of the countries in the Far East....

 and Peggy Seagrave, who have written two books relating to the subject: The Yamato Dynasty: the Secret History of Japan's Imperial Family (2000) and Gold Warriors: America's Secret Recovery of Yamashita's Gold (2003). The Seagraves contend that looting was organized on a massive scale, by both yakuza
Yakuza
, also known as , are members of traditional organized crime syndicates in Japan. The Japanese police, and media by request of the police, call them bōryokudan , literally "violence group", while the yakuza call themselves "ninkyō dantai" , "chivalrous organizations". The yakuza are notoriously...

gangster
Gangster
A gangster is a criminal who is a member of a gang. Some gangs are considered to be part of organized crime. Gangsters are also called mobsters, a term derived from mob and the suffix -ster....

s such as Yoshio Kodama
Yoshio Kodama
was a prominent figure in the rise of organized crime in Japan. The most famous 'kuromaku', or behind-the-scenes power broker, of the 20th century, he was active in Japan's political arena and criminal underworld from the 1950s to the early 1970s....

, and the highest levels of Japanese society, including Emperor Hirohito
Hirohito
, posthumously in Japan officially called Emperor Shōwa or , was the 124th Emperor of Japan according to the traditional order, reigning from December 25, 1926, until his death in 1989. Although better known outside of Japan by his personal name Hirohito, in Japan he is now referred to...

. The Japanese government intended that loot from Southeast Asia would finance Japan's war effort. The Seagraves allege that Hirohito appointed his brother, Prince Yasuhito Chichibu
Prince Chichibu
, also known as Prince Yasuhito, was the second son of Emperor Taishō and a younger brother of the Emperor Shōwa. As a member of the Imperial House of Japan, he was the patron of several sporting, medical, and international exchange organizations...

, to head a secret organization called Kin no yuri ("Golden Lily"), for this purpose. It is purported that many of those who knew the locations of the loot were killed during the war, or later tried by the Allies
Allies of World War II
The Allies of World War II were the countries that opposed the Axis powers during the Second World War . Former Axis states contributing to the Allied victory are not considered Allied states...

 for war crimes and executed or incarcerated. Yamashita himself was executed by the U.S. Army for his war crimes on February 23, 1946.

The stolen property reportedly included many different kinds of valuables looted from banks, depositories
Safe deposit box
A safe deposit box or wrongly referred to as a safety deposit box is an individually-secured container, usually held within a larger safe or bank vault. Safe deposit boxes are generally located in banks, post offices or other institutions...

, temples, churches, other commercial premises, mosque
Mosque
A mosque is a place of worship for followers of Islam. The word is likely to have entered the English language through French , from Portuguese , from Spanish , and from Berber , ultimately originating in — . The Arabic word masjid literally means a place of prostration...

s, museum
Museum
A museum is an institution that cares for a collection of artifacts and other objects of scientific, artistic, cultural, or historical importance and makes them available for public viewing through exhibits that may be permanent or temporary. Most large museums are located in major cities...

s and private homes. It takes its name from General Tomoyuki Yamashita
Tomoyuki Yamashita
General was a general of the Japanese Imperial Army during World War II. He was most famous for conquering the British colonies of Malaya and Singapore, earning the nickname "The Tiger of Malaya".- Biography :...

, who assumed command of Japanese forces in the Philippines in 1944.

According to various accounts, the loot was initially concentrated in Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

, and later transported to the Philippines. The Japanese hoped to ship the treasure from the Philippines to the Japanese Home Islands after the war ended. As the War in the Pacific
War In The Pacific
War in the Pacific is a 2004 two-player turn-based computer war game published by Matrix games. It is a very large, complex, and detailed simulation of the Pacific Theatre of World War II, at both the operational and strategic level....

 progressed, U.S. Navy submarine
Submarine
A submarine is a watercraft capable of independent operation below the surface of the water. It differs from a submersible, which has more limited underwater capability...

s and Allied warplanes inflicted increasingly heavy sinkings of Japanese merchant shipping. Some of the ships carrying the war booty back to Japan were sunk in combat.

The Seagraves and a few others have claimed that American military intelligence operatives located much of the loot; they colluded with Hirohito and other senior Japanese figures to conceal its existence, and they used it to finance American covert intelligence operations around the world during the Cold War
Cold War
The Cold War was the continuing state from roughly 1946 to 1991 of political conflict, military tension, proxy wars, and economic competition between the Communist World—primarily the Soviet Union and its satellite states and allies—and the powers of the Western world, primarily the United States...

. These rumors have inspired many hopeful treasure hunters, but most experts and Filipino
Filipino people
The Filipino people or Filipinos are an Austronesian ethnic group native to the islands of the Philippines. There are about 92 million Filipinos in the Philippines, and about 11 million living outside the Philippines ....

 historians say there is no credible evidence behind these claims.

In 1992, Imelda Marcos
Imelda Marcos
Imelda R. Marcos is a Filipino politician and widow of 10th Philippine President Ferdinand Marcos. Upon the ascension of her husband to political power, she held various positions to the government until 1986...

 claimed that Yamashita's gold accounted for the bulk of the wealth of her husband, Ferdinand Marcos.

Many individuals and consortia, both Philippine and foreign, continue to search for treasure sites. A number of accidental deaths, injuries and financial losses incurred by treasure hunters have been reported.

At present, the Mines & Geosciences Bureau of the Department of Natural Resources of the Philippines is the Filipino government agency that grants treasure permits.

Treasure skeptics

University of the Philippines
University of the Philippines
The ' is the national university of the Philippines. Founded in 1908 through Act No...

 professor Rico Jose has questioned the theory that treasure from mainland South East Asia was transported to the Philippines: "By 1943 the Japanese were no longer in control of the seas... It doesn't make sense to bring in something that valuable here when you know it's going to be lost to the Americans anyway. The more rational thing would have been to send it to Taiwan
Taiwan
Taiwan , also known, especially in the past, as Formosa , is the largest island of the same-named island group of East Asia in the western Pacific Ocean and located off the southeastern coast of mainland China. The island forms over 99% of the current territory of the Republic of China following...

 or China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

."

Philippines National Historical Institute
National Historical Institute (Philippines)
The National Historical Commission of the Philippines is part of the government of the Philippines...

 chairman and historian Ambeth Ocampo
Ambeth Ocampo
Ambeth R. Ocampo is a multi-awarded Filipino historian, academic, journalist, and author best known for his writings about Philippines' national hero José Rizal and for "Looking Back", his bi-weekly editorial page column in the Philippine Daily Inquirer...

 commented: “Two of the wealth myths I usually encounter are the Yamashita treasure and gossip that the Cojuangco fortune
Eduardo Cojuangco, Jr.
Eduardo Murphy Cojuangco, Jr. , also known as Danding Cojuangco, is the chairman of San Miguel Corporation, the largest food and beverage corporation in the Philippines and Southeast Asia, former Philippine ambassador, and former governor of Tarlac. In 2005, his personal wealth was estimated at...

 was founded on a bag of money…” Ocampo also said: "For the past 50 years many people, both Filipinos and foreigners, have spent their time, money and energy in search of Yamashita's elusive treasure.” Professor Ocampo noted “What makes me wonder is that for the past 50 years, despite all the treasure hunters, their maps, oral testimony and sophisticated metal detectors, nobody has found a thing.”

Rogelio Roxas lawsuit

In March 1988, a Filipino treasure hunter named Rogelio Roxas
Rogelio Roxas
Rogelio "Roger" Domingo Roxas was a former Filipino soldier who had worked as a locksmith before allegedly discovering in a cave north of Manila a hidden chamber full of gold bars and a giant golden Buddha statue — which Roxas estimated to weigh one metric ton — on a plot of...

 filed a lawsuit
Lawsuit
A lawsuit or "suit in law" is a civil action brought in a court of law in which a plaintiff, a party who claims to have incurred loss as a result of a defendant's actions, demands a legal or equitable remedy. The defendant is required to respond to the plaintiff's complaint...

 in the state of Hawaii
Hawaii
Hawaii is the newest of the 50 U.S. states , and is the only U.S. state made up entirely of islands. It is the northernmost island group in Polynesia, occupying most of an archipelago in the central Pacific Ocean, southwest of the continental United States, southeast of Japan, and northeast of...

 against the former president of the Philippines, Ferdinand Marcos
Ferdinand Marcos
Ferdinand Emmanuel Edralin Marcos, Sr. was a Filipino leader and an authoritarian President of the Philippines from 1965 to 1986. He was a lawyer, member of the Philippine House of Representatives and a member of the Philippine Senate...

 and his wife Imelda Marcos
Imelda Marcos
Imelda R. Marcos is a Filipino politician and widow of 10th Philippine President Ferdinand Marcos. Upon the ascension of her husband to political power, she held various positions to the government until 1986...

 for theft and human rights abuses. Roxas claimed that in Baguio City
Baguio City
The City of Baguio is a highly urbanized city in northern Luzon in the Philippines. Baguio City was established by Americans in 1900 at the site of an Ibaloi village known as Kafagway...

 in 1961 he met the son of a former member of the Japanese army
Imperial Japanese Army
-Foundation:During the Meiji Restoration, the military forces loyal to the Emperor were samurai drawn primarily from the loyalist feudal domains of Satsuma and Chōshū...

 who mapped for him the location of the legendary Yamashita Treasure. Roxas claimed a second man, who served as Yamashita's interpreter during the Second World War, told him of visiting an underground chamber there where stores of gold and silver were kept, and who told of a golden buddha
Buddharupa
Buddharūpa is the Sanskrit and Pali term used in Buddhism for statues or models of the Buddha.-Commonalities:...

 kept at a convent located near the underground chambers. Roxas claimed that within the next few years he formed a group to search for the treasure, and obtained a permit for the purpose from a relative of Ferdinand, Judge Pio Marcos. In 1971, Roxas claimed, he and his group uncovered an enclosed chamber on state lands near Baguio City
Baguio City
The City of Baguio is a highly urbanized city in northern Luzon in the Philippines. Baguio City was established by Americans in 1900 at the site of an Ibaloi village known as Kafagway...

 where he found bayonet
Bayonet
A bayonet is a knife, dagger, sword, or spike-shaped weapon designed to fit in, on, over or underneath the muzzle of a rifle, musket or similar weapon, effectively turning the gun into a spear...

s, samurai swords, radios, and skeletal remains dressed in a Japanese military uniform
Military uniform
Military uniforms comprises standardised dress worn by members of the armed forces and paramilitaries of various nations. Military dress and military styles have gone through great changes over the centuries from colourful and elaborate to extremely utilitarian...

. Also found in the chamber, Roxas claimed, were a 3 foot (0.9144 m) golden-colored Buddha and numerous stacked crates which filled an area approximately 6 feet x 6 feet x 35 feet. He claimed he opened just one of the boxes, and found it packed with gold bullion. He said he took from the chamber the golden Buddha, which he estimated to weigh 1,000 kilograms, and one box with twenty-four gold bars, and hid them in his home. He claimed he resealed the chamber for safekeeping until he could arrange the removal of the remaining boxes, which he suspected were also filled with gold bars. Roxas said he sold seven of the gold bars from the opened box, and sought potential buyers for the golden Buddha. Two individuals representing prospective buyers examined and tested the metal in the Buddha, Roxas said, and reported it was made of solid, 20-carat
Carat (purity)
The karat or carat is a unit of purity for gold alloys.- Measure :Karat purity is measured as 24 times the purity by mass:where...

 gold. It was soon after this, Roxas claimed, that President Ferdinand Marcos learned of Roxas' discovery and ordered him arrested, beaten, and the Buddha and remaining gold seized. Roxas alleged that in retaliation to his vocal campaign to reclaim the Buddha and the remainder of the treasure taken from him, Ferdinand continued to have Roxas threatened, beaten and eventually incarcerated for over a year.

Following his release, Roxas put his claims against Marcos on hold until Ferdinand lost the presidency in 1986. But in 1988, Roxas and the Golden Budha Corporation, which now held the ownership rights to the treasure Roxas claims was stolen from him, filed suit against Ferdinand and wife Imelda in a Hawaiian state court seeking damages for the theft and the surrounding human rights abuses committed against Roxas. Roxas died on the eve of trial, but prior to his death he gave the deposition
Deposition (law)
In the law of the United States, a deposition is the out-of-court oral testimony of a witness that is reduced to writing for later use in court or for discovery purposes. It is commonly used in litigation in the United States and Canada and is almost always conducted outside of court by the...

 testimony that would be later used in evidence. In 1996, the Roxas estate and the Golden Budha Corporation received what was then largest judgment ever awarded in history, $22 billion which with interest increased to $40.5 billion. In 1998, The Hawaii Supreme Court held that there was sufficient evidence to support the jury's finding that Roxas found the treasure and that Marcos converted
Conversion (law)
Conversion is a common law tort. A conversion is a voluntary act by one person inconsistent with the ownership rights of another. It is a tort of strict liability...

 it. However, the court reversed the damage award, holding that the $22 billion award of damages for the chamber full of gold was too speculative, as there was no evidence of quantity or quality, and ordered a new hearing on the value of the golden Buddha and 17 bars of gold only. After several more years of legal proceedings, the Golden Budha Corporation obtained a final judgment against Imelda Marcos to the extent of her interest in the Marcos estate in the principal amount of $13,275,848.37 and Roxas’ estate obtained a $6 million judgment on the claim for human right abuse.

This lawsuit ultimately concluded that Roxas found a treasure, and although the Hawaiian state court was not required to determine whether this particular treasure was the legendary Yamashita’s gold, the testimony relied upon by the court in reaching its conclusion pointed in that direction. Roxas was allegedly following a map from the son of a Japanese soldier; Roxas allegedly relied on tips provided from Yamashita’s interpreter; and Roxas allegedly found samurai swords and the skeletons of dead Japanese soldiers in the treasure chamber. All this led the United States Ninth Circuit Court of Appeal to summarize the allegations leading to Roxas’ final judgment as follows: "The Yamashita Treasure was found by Roxas and stolen from Roxas by Marcos' men."

In popular culture

  • Yamashita's gold, though not mentioned by that name, serves as a major plot element of Cryptonomicon
    Cryptonomicon
    Cryptonomicon is a 1999 novel by American author Neal Stephenson. The novel follows the exploits of two groups of people in two different time periods, presented in alternating chapters...

    , a novel
    Novel
    A novel is a book of long narrative in literary prose. The genre has historical roots both in the fields of the medieval and early modern romance and in the tradition of the novella. The latter supplied the present generic term in the late 18th century....

     by Neal Stephenson
    Neal Stephenson
    Neal Town Stephenson is an American writer known for his works of speculative fiction.Difficult to categorize, his novels have been variously referred to as science fiction, historical fiction, cyberpunk, and postcyberpunk...

    .
  • A film about the alleged treasure, Yamashita: The Tiger's Treasure, directed by Chito S. Roño was released in the Philippines in 2001.
  • An episode of the American TV series Unsolved Mysteries
    Unsolved Mysteries
    Unsolved Mysteries is an American television program, hosted by Robert Stack, from 1987 until 2002, and later by Dennis Farina, starting in 2008...

    , first broadcast
    Broadcast
    Broadcast or Broadcasting may refer to:* Broadcasting, the transmission of audio and video signals* Broadcast, an individual television program or radio program* Broadcast , an English electronic music band...

     on American TV on January 27, 1993, discussed the fate of the loot that has supposedly been amassed by Gen. Yamashita.
  • The latter part of the console game Medal of Honor: Rising Sun
    Medal of Honor: Rising Sun
    Medal of Honor: Rising Sun is the fifth installment of the Medal of Honor series, released by Electronic Arts in November 2003. Like its predecessors, Rising Sun is a first-person shooter set in World War II. Unlike predecessors,Rising Sun is set during the Pacific War. It features single-player...

    is about the gold.
  • Yamashita's gold serves as a plot element of Dragon, a novel
    Novel
    A novel is a book of long narrative in literary prose. The genre has historical roots both in the fields of the medieval and early modern romance and in the tradition of the novella. The latter supplied the present generic term in the late 18th century....

     by Clive Cussler
    Clive Cussler
    Clive Eric Cussler is an American adventure novelist and marine archaeologist. His thriller novels, many featuring the character Dirk Pitt, have reached The New York Times fiction best-seller list more than seventeen times...

    .
  • Ore, or Or, a play by Duncan Pflaster
    Duncan Pflaster
    Duncan Pflaster is an American Off-Off-Broadway playwright, composer and actor. His first play Wilder and Wilder , was produced in 1995 at Florida Playwrights' Theatre in Hollywood, FL...

     uses Yamashita's gold as a metaphor for the love lives of modern-day characters, one of whom is trying to determine if a crate of golden statues uncovered in the Philippines was part of Yamashita's hoard or not.
  • The Mystery of Yamashita's Map,(2007 Hardcover)(2009 Paperback), a novel written by James McKenzie tells the story of a group of treasure hunters who go in search of Yamashita's gold.

A TV show,"Yamashita's Treasure" was aired by Singapore's Media,Mediacorp in 2010

See also

  • Ferdinand Marcos
    Ferdinand Marcos
    Ferdinand Emmanuel Edralin Marcos, Sr. was a Filipino leader and an authoritarian President of the Philippines from 1965 to 1986. He was a lawyer, member of the Philippine House of Representatives and a member of the Philippine Senate...

  • Presidential Commission on Good Governance
  • Operation Big Bird
    Operation Big Bird
    "Operation Big Bird" was the attempt of the Philippine Government during the presidency of Corazon Aquino to recover the alleged US$ 7.5 billion of hidden accounts and assets of President Ferdinand Marcos and his family in the Swiss banks. Conceived by Philippine banker Michael de Guzman, it...

  • Black Eagle Trust
    Black Eagle Trust
    The Black Eagle Trust was an alleged fund created out of precious metals and gems, recovered by the United States from the Germans and Japanese after World War II. The Nazis had appropriated gold from Jews all over Europe, and the Japanese had plundered Nanking and other Chinese cities.-Notes and...

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