Jamaican monetary authorities have launched an investigation into an organization holding investments for eight-times Olympic gold medalist Usain Bolt after stories that he could have misplaced thousands and thousands to massive scale fraud.
Jamaica’s Financial Services Commission (FSC) stated in a press release that it had positioned the agency, Stocks and Securities Limited (SSL), in “enhanced oversight” whereas it conducts the probe.
Bolt’s supervisor Nugent Walker instructed the Jamaica Gleaner newspaper that the retired sprinter, one of many best athletes of all time, has had investments with the corporate for over a decade.
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“All the related steps have been taken to return to the underside of this,” Walker instructed the paper, saying the athlete had seen discrepancies together with his account on Wednesday.
“He’s been with this entity over 10 years… His total portfolio is being reviewed,” he added.
The newspaper stated thousands and thousands of {dollars} had been reported lacking from Bolt’s account. Walker was not instantly out there for remark.
Jamaican monetary authorities have launched an investigation into an organization holding investments for Usain Bolt.Source: Getty Images
SSL didn’t reply to calls made to their workplace on Friday. The FSC stated it was “conscious of stories of allegations of fraud at one in every of its licensees, Stocks and Securities Limited (SSL).” “The FSC has issued Directions to SSL. These Directions which had been dispatched to the corporate on Thursday January 12, 2023 are a supervisory software to permit the FSC to interact an entity in a technique of enhanced oversight,” the physique stated of their assertion.
The FSC stated the oversight course of would enable them to have a “full view of the integrity of the transactions being performed, together with the motion of funds, and of securities into and out of SSL.”
“The FSC will concurrently proceed its investigations into issues associated to SSL,” they added.
Bolt retired from athletics in 2017 after a stellar profession which along with eight Olympic golds included 11 World Championship gold medals.
Bolt sprung to world fame on the Beijing Olympics in 2008 when he gained the 100m and 200m sprints, setting new world information in each races.
The Jamaican went on to win each races within the 2012 London and 2016 Rio Games. Bolt’s 100m time of 9.572, set in Berlin in 2009, stays the world document and he additionally retains the quickest time in 200m.
