Sprint king Bolt feared to have lost millions

1 year ago 113

A probe into a institution holding investments for eight-time Olympic golden medalist Usain Bolt is underway aft reports helium whitethorn person mislaid millions to ample standard fraud.

The Jamaica Gleaner paper reported quotes from Bolt's manager Nugent Walker, who confirmed the sprint fable had wealth with the institution for implicit a decade.

It's understood Bolt recovered discrepancies successful his relationship this week.

"All the applicable steps person been taken to travel to the bottommost of this," Walker told the paper.

"He's been with this entity implicit 10 years... His full portfolio is being reviewed," helium added.

The paper said millions of dollars were reported missing from Bolt's account.

Jamaica's Financial Services Commission (FSC) said successful a connection that it had placed the firm, Stocks and Securities Limited (SSL), successful "enhanced oversight" portion it conducts the investigation.

The FSC said it was "aware of reports of allegations of fraud astatine 1 of its licensees, Stocks and Securities Limited (SSL)."

"The FSC has issued Directions to SSL. These Directions which were dispatched to the institution connected Thursday January 12, 2023 are a supervisory instrumentality to let the FSC to prosecute an entity successful a process of enhanced oversight," the assemblage said successful their statement.

Bolt retired from athletics successful 2017 aft winning 8 Olympic golds and 11 World Championship golden medals.

Bolt's 100m clip of 9.572, acceptable successful Berlin successful 2009, remains the satellite grounds and helium besides retains the fastest clip successful 200m.

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