By Zuko Komisa
Usain Bolt loses R 218 million in investments in his account with a Jamaican investment firm.
Usain Bolt’s attorneys claim that almost all of the money from an account with a private investment firm is missing. Bolt holds the world record for the 100-meter sprint.
Bolt’s account purportedly once contained $12.8 million but is now only worth $12,000 today.
The Associated Press reported on Wednesday that Bolt is missing $12.7 million (roughly R218 million) from an investment account he had with Stocks & Securities Limited, or SSL, a Kingston, Jamaica-based investment company.
Listen to analysis on the story on Kaya Biz here:
Also Read: Metro FM Music Awards are back after a five-year absence
According to Bloomberg, the R218 million in the account came from Bolt’s retirement and life savings.
The report was based on a copy of a letter that Bolt’s lawyers sent to SSL requesting the return of the money.
The lawyers additionally wrote,”If this is correct, and we are hoping it is not, then a serious act of fraud larceny or a combination of both have been committed against our client.”
READ NEXT: Transport Department releases the 2022-’23 festive season road traffic statistics



