Usain Bolt Seeks Missing USD 12.7 Million from Jamaica Investment Firm

0


Last Updated: January 19, 2023, 12:34 IST

Olympic champion Usain Bolt is looking for to get better greater than $12.7 million that disappeared from his account with a Jamaican funding agency and is keen to take the case to court docket if vital, Bolt’s legal professional mentioned.

Bolt final week was knowledgeable that his account steadiness at Kingston-based Stocks and Securities Ltd (SSL) had inexplicably dwindled to simply $12,000, lawyer Linton Gordon instructed Reuters late on Tuesday.

“We can be going to court docket with the matter” if the company does not return the funds, Gordon said.

“It is a grave disappointment, and we are hoping that the matter will be resolved in a way that Mr. Bolt will recover his money and be able to live in peace.”

“The account was a part of Bolt’s retirement and lifelong financial savings,” Gordon was quoted as saying by Fortune magazine.

“It’s distressing news for anyone, and certainly in the case of Mr. Bolt, who established this account as part of his private pension,” Gordon mentioned on Wednesday.

“We can be going to court docket with the matter” if the company does not return the funds, Gordon said.

“It is a grave disappointment, and we are hoping that the matter will be resolved in a way that Mr. Bolt will recover his money and be able to live in peace.”

SSL mentioned in a Jan. 12 assertion that it had grow to be conscious of fraudulent exercise by a former worker and has referred the matter to regulation enforcement, including that it had taken steps to safe property and strengthen protocols.

SSL didn’t instantly reply to an e-mail or telephone calls looking for additional remark.

The Jamaica Constabulary Force mentioned on Monday that its fraud and monetary investigation groups have been probing “alleged fraudulent actions at (SSL) that are mentioned to have affected the accounts of Mr. Usain Bolt amongst different people.”

Finance Minister Nigel Clarke said on Tuesday night that SSL had allegedly committed “alarming and evil fraud” and that authorities would “carry all perpetrators to justice.”

Bolt’s account was intended to serve as a pension for the eight-time Olympic gold medalist sprinter and for his parents, Gordon said.

Bolt retired in 2017 after dominating global sprinting for a decade, reviving a sport plagued by doping scandals and becoming a household name like Brazilian soccer legend Pele and American boxing champion Muhammad Ali.

(With inputs from Agencies)

Read all of the Latest Sports News right here



Source hyperlink

LEAVE A REPLY

Please enter your comment!
Please enter your name here