Usain Bolt pursues lost Ksh 1.6B from Jamaican Investment Company

Usain Bolt

Olympic champion Usain Bolt is attempting to recoup more than $12.7 million (Ksh 1.6B) that vanished from his account with a Jamaican investment firm.

According to attorney Linton Gordon, Bolt was informed last week that his account balance at Kingston-based Stocks and Securities Ltd (SSL) had mysteriously dropped to just $12,000.

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

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“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.”

In a statement released on January, 12, SSL claimed that it had learned of fraudulent behaviour by a former employee and had alerted law enforcement to the situation. It also added that it has taken measures to secure assets and tighten standards.

Usain Bolt

Emails and phone calls requesting more information from SSL did not immediately receive a response.

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According to a statement made on Monday by the Jamaica Constabulary Force, “possible fraudulent actions at (SSL) which are reported to have affected the accounts of Mr. Usain Bolt among other individuals” are being looked into by those teams.

Tuesday night, Finance Minister Nigel Clarke claimed SSL had perpetrated “alarming and evil fraud” and promised to “bring all perpetrators to justice.”

According to Gordon, Bolt’s account was created to act as a pension for both his parents and the eight-time Olympic gold medal-winning sprinter.

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Bolt retired in 2017 after dominating the sprinting world for a decade, bringing back a sport marred by drug scandals, and becoming a household icon like Muhammad Ali and Brazilian soccer legend Pele.

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