It is the question on the lips of every Jamaican -- and none more so than the country's most famous athlete, eight-time Olympic gold medal sprinter Usain Bolt.
It is the question on the lips of every Jamaican — and none more so than the country’s most famous athlete, eight-time Olympic gold medal sprinter Usain Bolt.The investigation into a multi-million dollar fraud at the Kingston-based investment firm Stocks and Securities Limited , which has reportedly seen Bolt’s $12 million account left almost empty, is dominating discussion in the Caribbean nation.
The song points out government efforts to clamp down on telephone and lottery scams from what he calls “ghetto youth,” but notes those young people never engaged in such large-scale fraud as what is suspected in the SSL investigation. Bolt is one of around 40 people whose accounts may have been impacted by the fraud. While his status as a national hero means his situation has dominated the news, there is concern that elderly investors may also have been left penniless.
Business executive Dennis Chung, also general secretary of the Jamaican Football Federation, is confident the country can withstand the shock. “The fraud at SSL appears to have taken place at the private sector entity while different political administrations were in charge of government,” he said.“The majority of the population is rightly disgusted by the criminal act which has seen an injustice meted out to a man who globally is the most popular Jamaican alive and there is extensive hope that he gets back his money,” he said.
Etana said that the case was “embarrassing for the nation,” and said her attitude to investment would take into account the affair and the lessons she has drawn from it about Jamaica’s class system.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Obasanjo, Wike, Fayemi advocate democratic culture in Nigeria | The Guardian Nigeria News - Nigeria and World NewsFomer President of Nigeria, Chief Olusegun Obasanjo, Rivers State Governor, Nyesom Wike, and immediate past Governor of Ekiti State, Kayode Fayemi, have stressed the need to entrench democratic culture and institutions that will sustain development and security in the country.
Read more »
Delta 2023: Battle of defections ahead of polls | The Guardian Nigeria News - Nigeria and World NewsThe governorship election in Delta State is going to be a two-horse race between the ruling Peoples Democratic Party (PDP) and All Progressives Congress (APC) because other parties are yet to be visible, less than two months to the general elections.
Read more »
FG mocks Atiku over promises to revamp Ajaokuta | The Guardian Nigeria News - Nigeria and World NewsThe Federal Government has mocked the Presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, for promising to resolve the challenges facing Ajaokuta Steel Company.
Read more »
Readers’ showers of encouragement | The Guardian Nigeria News - Nigeria and World NewsIt is time for me to wake up in the New Year in my waking mind to catch the pictures of the unseen and seen inhabitants who help to make this column the stuff of dreams. These inhabitants are my readers whose words see me any time they come to me or are called up by music of words...
Read more »
A’Ibom organises masterclass for assistant directors | The Guardian Nigeria News - Nigeria and World NewsAkwa Ibom State Government has organised a masterclass for assistant directors in the employment of the government. The masterclass, which focused on Writing, Protocol and Public Affairs Management, held on Tuesday, in the conference room of the Ministry of Information and Strategy, according to a statement by the ministry.
Read more »
APC sensitises Lagosians on BVAS, electoral laws, offences | The Guardian Nigeria News - Nigeria and World NewsThe campaign council of Lagos State chapter of the All Progressives Congress (APC), yesterday, urged Lagosians to be abreast of the newly-introduced Bimodal Voters Accreditation System (BVAS) and electoral offences relating to the conduct of elections.
Read more »