The Phantom (1996)

Deep in the jungled island of Bengalla lies four centuries-old secrets the outer world only suspects exist. The Skulls of Touganda--one of gold, another of silver, and the third of rare green jade--are ancient relics of incalculable value, and extraordinary power. According to legend, they harbor an energy source one thousand times greater than anything known to civilized man. The person who unearths the skulls from their hiding places around the world and brings them together will be in control of unprecedented power. The ruthless Xander Drax, and the blood-thirsty Pirates of the Sengh Brotherhood, seek to control the Skulls. But their quest for unbridled power takes them into the mysterious jungle domain of Bengalla's other legend--a masked figure of mystery, garbed in purple, who for over 400 years has served as protector of the jungle. Believed immortal by natives and dismissed as a myth by outsiders, he is both feared and respected as The Ghost Who Walks--The Phantom!