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Millions Missing From Usain Bolt’s Account, Jamaica Launches Probe

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Jamaican financial authorities have launched an investigation into a company holding investments for eight-times Olympic gold medalist Usain Bolt after reports that he may have lost millions to large scale fraud.

Jamaica’s Financial Services Commission (FSC) said in a statement that it had placed the firm, Stocks and Securities Limited (SSL), in “enhanced oversight” while it conducts the probe.

Bolt’s manager Nugent Walker told the Jamaica Gleaner newspaper that the retired sprinter, one of the greatest athletes of all time, has had investments with the company for over a decade.

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All the relevant steps have been taken to come to the bottom of this,” Walker told the paper, saying the athlete had noticed discrepancies with his account on Wednesday.

“He’s been with this entity over 10 years… His entire portfolio is being reviewed,” he added.

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The newspaper said millions of dollars were reported missing from Bolt’s account. Walker was not immediately available for comment.

SSL did not respond to calls made to their office on Friday.

The FSC said it was “aware of reports of allegations of fraud at one of its licensees, Stocks and Securities Limited (SSL).”

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The FSC has issued Directions to SSL. These Directions which were dispatched to the company on Thursday January 12, 2023 are a supervisory tool to allow the FSC to engage an entity in a process of enhanced oversight,” the body said in their statement.

The FSC said the oversight process would allow them to have a “full view of the integrity of the transactions being conducted, including the movement of funds, and of securities into and out of SSL.”

“The FSC will simultaneously continue its investigations into matters related to SSL,” they added.

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Bolt retired from athletics in 2017 after a stellar career which in addition to eight Olympic golds included 11 World Championship gold medals.

READ ALSO: Nigerian Woman Jailed In UK For Stealing £20,000

Bolt sprung to global fame at the Beijing Olympics in 2008 when he won the 100m and 200m sprints, setting new world records in both races.

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The Jamaican went on to win both races in the 2012 London and 2016 Rio Games.

Bolt’s 100m time of 9.572, set in Berlin in 2009, remains the world record and he also retains the fastest time in 200m.
AFP

 

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Peru Anti-government Protesters Clash With Police

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Hundreds of anti-government protesters clashed with police in the Peruvian capital Lima on Saturday, throwing stones and sticks as officers fired tear gas on the demonstrators, AFP journalists reported.

The protest, organized by a youth collective called “Generation Z”, is part of growing social unrest in Peru against organized crime, corruption in public office, and a recent pension reform.

“Today, there is less democracy than before. It’s getting worse… because of fear, because of extortion,” said 54-year-old protester Gladys, who declined to give her last name.

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Around 500 people gathered in the city center, under heavy police presence.

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Congress has no credibility, it doesn’t even have the approval of the people… It is wreaking havoc in this country,” said protester Celene Amasifuen.

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The clashes broke out as demonstrators tried to approach executive and congressional buildings in Lima.

The radio station Exitosa said that its reporter and a cameraman were hit by pellets, commonly fired by law enforcement.

READ ALSO:‘Over 7,000 Nigerians Sought Asylum In Sweden In 24 Years’

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Police said at least three officers were wounded.

Approval ratings for President Dina Boluarte, whose term ends next year, have plummeted amid rising extortion and organized crime cases.

Several opinion polls show the government and conservative-majority Congress are seen by many as corrupt institutions.

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This week, the legislature passed a law requiring young adults to join a private pension fund, despite many facing a precarious working environment.

AFP

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Fresh World Trouble Looms As Netanyahu Tells Western Leaders ‘There Will Be No Palestinian State’

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Israeli Prime Minister Benjamin Netanyahu on Sunday said there would be no Palestinian state, in a message addressed to the leaders of Britain, Australia and Canada after they recognised Palestinian statehood.

“I have a clear message for those leaders who recognise a Palestinian state after the horrific massacre on October 7: you are granting a huge reward to terror,” he said.

And I have another message for you: it will not happen. No Palestinian state will be established west of the Jordan River.”

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READ ALSO:Israel Begins Ground Offensive In Gaza Despite International Criticism

Britain, Australia and Canada on Sunday became the first tripartite Western nations to recognise a Palestinian state.

Britain and Canada became the first G7 countries to take the step, with France and other nations expected to follow at the annual UN General Assembly, which opens Monday in New York.

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Today, to revive the hope of peace for the Palestinians and Israelis, and a two-state solution, the United Kingdom formally recognises the State of Palestine,” UK Prime Minister Keir Starmer said in a message on X.

READ ALSO:Palestinians Flee As Israel Intensifies Assault On Gaza City

Canada recognises the State of Palestine and offers our partnership in building the promise of a peaceful future for both the State of Palestine and the State of Israel,” Canadian Prime Minister Mark Carney wrote on X.

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This comes after decades of requests for sovereignty from the Palestinian side.

Portugal was also to recognise Palestinian statehood later Sunday, as Israel came under huge international pressure over the war in Gaza triggered almost two years ago by the October 7, 2023, Hamas attack.

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Badenoch Slams UK’s Palestine Recognition Decision As ‘Absolutely Disastrous’

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Conservative Party leader Kemi Badenoch condemned the Prime Minister Keir Starmer-led United Kingdom’s decision to formally recognise the State of Palestine.

PUNCH Online reports that Britain, alongside Australia and Canada, on Sunday recognised a Palestinian state in a seismic shift in decades of Western foreign policy.

Britain and Canada became the first G7 countries to take the step, with France and other nations expected to follow at the annual UN General Assembly, which opens Monday in New York.

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However, the decision triggered swift Israeli anger and condemnation from the opposition.

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Reacting in a statement on her X on Sunday, Badenoch described the move as “absolutely disastrous.”

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She argued the move rewards terrorism with no conditions, and the decision would be widely regretted.

She said, “Absolutely disastrous. We will all rue the day this decision was made. Rewarding terrorism with no conditions whatsoever put in place for Hamas.

“It leaves hostages languishing in Gaza and does nothing to stop the suffering of innocent people caught in this war.”

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The Winchester opposition leader accused Labour of pandering to its “hard left” rather than fixing Britain’s pressing domestic problems.

READ ALSO:Badenoch Slams UK PM For Cutting Defence Funding Amid Global Threats

It is because Labour cannot fix the big problems in our society that they focus on discredited student union campaigns to appease the hard left.”

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Listing examples of Labour’s failings, she said, “They cannot fix the NHS, so they push assisted suicide. – They cannot create jobs for young people, so they give them votes at 16.

“They cannot sort out immigration, but they will recognise Palestine instead. And so on. This is the same man who paid £35bn of reparations to Mauritius along with the surrender of the Chagos islands.”

Badenoch also criticised what she described as the prime minister’s lack of judgment.

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“Everything we are seeing is a consequence of a Prime Minister who has no plan for the country and no judgment.

“He will spend the next four years delivering the hobbyhorses of the Labour left to stay in power and leave a HUGE mess for us to clean up.”

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Earlier, Starmer announced the recognition of Palestine in a post on X, saying the move was intended to provide a two-state solution.

He said, “Today, to revive the hope of peace for the Palestinians and Israelis, and a two-state solution, the United Kingdom formally recognises the State of Palestine.”

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