Usain Bolt: Investigation opened after ex-Olympic champion spots 'discrepancies' in investments

Usain Bolt: Investigation opened after ex-Olympic champion spots 'discrepancies' in investments

By Naveel Krishant
Saturday 14/01/2023
[Photo: BBC News]

A company which looks after Usain Bolt's investments is under investigation after reports he may have lost millions of dollars to fraud.

Jamaica's Financial Services Commission has placed the firm, Stocks and Securities Limited in "enhanced oversight" following the allegations.

The 36-year-old retired sprinter had investments with SSL for over a decade.

Bolt's manager Nugent Walker told the Jamaica Gleaner the eight-time Olympic champion had noticed "discrepancies".

Stocks and Securities Limited said its own internal investigations suggest a former employee was behind the alleged fraud and added it had "referred the matter to the relevant law enforcement authorities".

Bolt retired from athletics in 2017 after winning 11 World Championship gold medals and eight Olympic gold medals.

[Source: BBC]

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