Alleged fraudulent activities being investigated at SSL – FID

Jamaican Olympic gold medalist Usain Bolt visits the Projeto Futuro Olimpico or Olympic Future Project in Rio de Janeiro, Brazil, Thursday, March 28, 2013. (AP Photo/Felipe Dana)

KINGSTON, Jamaica – The Financial Investigations Division (FID) has confirmed that Jamaican law enforcement received a report on Wednesday regarding alleged misconduct at Stocks and Securities Limited (SSL). This is said to have affected Usain Bolt’s account among other individuals. .

In a statement on Friday, the FID said: In addition, national regulators are implementing the necessary protocols within their mandate. “

The Treasury Department and the Department of Public Service’s investigations department added that all investigation tools and regulatory protocols are now deliberately adopted and applied.

“At this stage, we are very early in the process and cannot share further details at this time,” the statement said. reported that it manages the operations of This follows news of a huge scam totaling over $1.2 billion, according to sources.

Read: $1.2 billion scam FSC takes Stocks and Securities Ltd into bridle

The Olympian and sitting MP (whose name has not been named) is one of more than 30 people whose investments in SSL are believed to have been fled by a wealth adviser recently fired from the company.

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