King of the Coral Sea (1954)

Rod Taylor, Charles 'Bud' Tingwell

Ted King, aided by Jack Janiero, is in charge of a company owned by Peter Merriman, reputed playboy, which he inherited from his father. Merriman decides to have a look at the company which is getting shells and pearls from the ocean's bottom. King discovers a body out in the ocean and brings it in,