Hence, they are demanding that Stocks and Securities Ltd return the money to Bolt’s account or face legal action.
“If it’s correct and we think it’s not, then either a serious act of fraud or a combination of the two has been committed against our client.” His lawyer said.
Meanwhile, Stocks & Securities Limited is currently being investigated by the Financial Services Commission of Jamaica.
The investment company is yet to respond to the shocking news of Bolt’s money going missing, but said they are taking steps to rectify the situation.
“We understand that customers are eager to get more information and we are closely monitoring the matter at all necessary stages and assure you that we will alert our customers of a resolution as soon as that information is available.” The company said.
Jamaica’s Finance Minister Nigel Clark also lamented the situation, saying it was unusual in the country’s financial sector.
“It is tempting to doubt our financial institutions, but I ask that we not paint an entire hard-working industry with the brush of a few unscrupulous individuals,” he said.