Jamaican sprinting legend Usain Bolt loses Rs 100 crore in financial scam

KINGSTON: It is reported that Jamaica’s Olympic sprinting legend Usain Bolt has lost millions in financial scam. The sprinter lost 12 million dollars (Rs 97.5 crore) that he had deposited in Stocks and Securities Limited (SSL), a Jamaican investment firm. Only 12,000 dollars is left in his account. He would approach the court if the firm doesn’t return the money. Bolt’s lawyer Linton P Gordon said the money was part of Bolt’s retirement and lifetime savings. Usain Bolt retired in 2017.

Meanwhile, SSL released a statement on January 12 saying that a former employee of the firm is behind this scam. The firm stated that they have informed the police and that it had taken steps to secure assets and return the money to investors.

The Jamaica Constabulary Force said that they are investigating the financial allegations against SSL. Finance Minister Nigel Clarke informed that the authorities would bring all perpetrators to justice.