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Usain Bolt loses over $12 million from his investment account, Jamaican sprinter’s lawyer threatens to take legal action

The track and field star’s lawyer said that the account was part of Bolt’s retirement and lifetime savings.

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Jamaican sprinter

Jamaican Olympic sprinter Usain Bolt has reportedly lost more than $12 million from his savings account with a private investment firm, Kingston-based investment firm Stocks and Securities Ltd. (SSL) in Jamaica.

Bolt’s lawyer, Linton P Gordon, said the Olympic sprinter’s account once had $12.8 million but now reflects a balance of only $12,000. Gordon has demanded that the SSL return Bolt’s money within 10 days. They even threatened to take civil and criminal action against the firm if the money is not returned within a certain time limit.

The eight-time Olympic gold winner, who retired in 2017, holds the world records for the 100 meters, 200 meters and 4×100 meters. The track and field star’s lawyer said that the account was part of Bolt’s retirement and lifetime savings. Bolt had J$2 billion in his account on October 31, 2022, while the amount became J$1.8 million (S$12,000) on January 11, 2023, according to reports.

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Calling it a grave disappointment, Gordon said It’s distressing news for anyone, and certainly in the case of Bolt, who established this account as part of his private pension. He further said that they hope that the matter is resolved as quickly as possible so that Bolt can recover his money and be able to live in peace.

SSL announced in a statement on January 12 that it had learned of fraudulent behaviour by a former employee and had reported the situation to law enforcement. It also added that it has taken measures to secure assets and tighten protocols.

Jamaica’s finance minister, Nigel Clarke, called the situation alarming. He said SSL had allegedly committed alarming and evil fraud and that authorities would bring all perpetrators to justice.

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Cricket news

IPL 2024: Lucknow Super Giants beat Chennai Super Kings by 8 wickets

KL Rahul who had not converted his starts into big innings during the tournament finally lived up to the expectations as he smashed nine 4s and three 6s in 53 balls. Quinton De Kock overcame a scratchy start to hit 5 fours and a six in his 43-ball innings.

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Lucknow Super Giants beat Chennai Super Kings by 8 wickets at the Ekana Sports Stadium on Friday in the ongoing season of the Indian Premier League. Lucknow Super Giants captain KL Rahul led from the front as he played a match winning innings of 82 runs and was ably supported by his partner Quinton De Kock, who added 54 runs before Marcus Stoinis and Nicholas Pooran put the finishing touches on the game with their unbeaten 23 and 8 runs as LSG chased down the target of 177 with 1 over to spare.

Ravindra Jadeja hit a steady half century (57*) and a late cameo from MS Dhoni (28* off 9) took Chennai Super Kings to 176/6 in 20 overs against Lucknow Super Giants on Friday. Earlier Lucknow Super Giants captain KL Rahul decided to bowl first against Chennai Super Kings.

CSK who came into the match with 2 victories slumped to their third loss in this season of IPL. KL Rahul who had not converted his starts into big innings during the tournament finally lived up to the expectations as he smashed nine 4s and three 6s in 53 balls. Quinton De Kock overcame a scratchy start to hit 5 fours and a six in his 43-ball innings.

The LSG captain looked in fine touch as he played some magnificent strokes all round the park to give his team a solid start. The captain was harsh on Deepak Chahar as he hit the pace bowler for a 6, before slapping him for another maximum over cover. He also hit the pacer for a four off a slower ball. Rahul also produced a punch off the backfoot for a 4 off pace bowler Mustafizur Rahman as runs came easily. De Kock too smashed Tushar Deshpande for a 6 over deep midwicket as the powerplay yielded 54 runs without the loss of any wicket.

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Happy Birthday KL Rahul: Suniel Shetty wishes son-in-law KL Rahul on his 32nd birthday

On the special occasion, his father-in-law and actor Suniel Shetty dropped a sweet birthday wish for KL Rahul. Suniel Shetty shared a photo wherein he, along with his son Ahan Shetty and son-in-law KL Rahul, can be seen lounging on a sofa.

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Suniel Shetty’s son-in-law and Indian cricketer KL Rahul celebrates his 32nd birthday on Thursday. On this special occasion the Bollywood actor took to his Instagram handle to wish the Lucknow Super Giants skipper on his special day. Suniel Shetty shared a picture with KL Rahul and his son Ahaan on Instagram.

In the picture, the veteran actor is seen relaxing on the couch with his son Ahaan and KL Rahul. Suniel Shetty captioned the picture they say its not what we have in life, but who we have in our life that matters. He said he felt blessed to have KL Rahul in his life. He said this is a connection which he could not explain.

Suniel Shetty’s daughter Athiya Shetty reacted to the post and wrote favourite men. KL Rahul replied with a black heart emoji to the post. Many Indian cricketers, social media user and fans also wished KL Rahul on his birthday.

One X user Muffadlal Vohra wrote that whichever position the Indian team asked KL Rahul to bat, he was always there to answer the call whether it is opening the batting, or batting in the middle order or the role of a finisher he was ready to do it. He said KL Rahul is truly one of the most versatile batsmen of this era and wished him Happy Birthday.

Another X user Naeem shared a video of KL Rahul and wished him Happy Birthday.

Cricketer Kuldeep Yadav shared a picture with KL Rahul and wrote Happy Birthday KL Rahul bhai.

One X user Tanuj singh shared a video of the star cricketer and recounted his hundreds in different countries.

Spinner Yuzvendra Chahal shared a picture with KL Rahul and wrote Happy Birthday my brother KL Rahul. Hope you have a good one. One X user Leisha wished the star cricketer Happy birthday.

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LATEST SPORTS NEWS

IPL 2024: Delhi Capitals thrash Gujarat Titans by 6 wickets

A 3-wicket haul early in the innings by Mukesh Kumar helped DC bowl out GT for 89 in 17.3 overs.

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Delhi Capitals defeated Gujarat Titans by six wickets in their IPL 2024 match, at the Narendra Modi Stadium in Ahmedabad on Wednesday. Delhi Capitals reached to 92/4 in 8.5 overs, as Rishabh Pant (16*) and Sumit Kumar (9*) remained unbeaten. For Gujarat Titans bowling attack, Sandeep Warrier took 2 wickets.

A 3-wicket haul early in the innings by Mukesh Kumar helped DC bowl out GT for 89 in 17.3 overs. Rashid Khan was the top-scorer for Gujarat Titans with a knock of 31 runs off 24 deliveries. Mukesh Kumar was the pick of the bowlers for Delhi with figures of 3 for 14 and was well supported by Ishant Sharma who gave another top class performance this season. The Gujarat Titans batsmen were seen struggling as they lost wickets at regular intervals, with the likes of Shubman Gill, Sai Sudharsan and David Miller struggled to make an impact.

Fraser and McGurk gave Delhi Capitals the perfect start, who scored 20 runs off just 9 balls. Porel and Hope ensured that that Delhi Capitals reached to 67 in the powerplay overs as they lost 4 wickets by that time. Sumit Kumar and Rishabh Pant ensured that Delhi Capitals reached victory with 11.1 overs to spare.

Rishabh Pant was in sublime form behind the stumps as he had 2 stumpings and two catches to his name. Pant was given the Player of the Match award for his performance with the gloves and his captaincy in Ahmedabad. Pant’s stunning catch of David Miller earned a lot of praise from Adam Gilchrist who explained why the effort was a tough one. The former Australian wicketkeeper said when the ball is coming at an angle, the tendency is to go to the right. He explained that once the ball started to deviate, the base and technique needed to be right from Pant as he has to go the other way.

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