By Andrew Clunis
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Usain Bolt must feel like Lewis’ Carroll’s enigmatic character Alice, in the much-celebrated tome, Alice in Wonderland, as the SSL saga becomes ‘curiouser and curiouser’.
In early January 2023, news broke that several depositors at the investment firm Stocks and Securities Ltd., (SSL) had been fleeced of billions of dollars.
RUNAWAY BAY, St Ann — Saying Prime Minister Andrew Holness's statement on allegations of a multi-billion-dollar fraud at investment firm Stocks and Securities Limited (SSL) had not gone far enough, general secretary of the Opposition People's National Party, Dr Dayton Campbell has urged the Government to "step aside" if it is unable to effectively handle the crisis and outline the way forward.
“Like all Jamaicans, at home and abroad, I am thoroughly disgusted and upset by revelations in the public domain surrounding this matter.
The Financial Services Commission (FSC) will be taking steps to assist FSC-regulated institutions to strengthen their mechanisms to detect and prevent fraud.
Finance Minister Dr Nigel Clarke has reacted to the alleged fraud that is unravelling at investment firm Stocks and Securities Limited (SSL), by expressing “shock” and “anger” at the development which he also described as “evil”.
Attorney-at-law Tamika Harris, who is representing Jean-An Panton, the ex-employee of Stocks and Securities Limited (SSL), the investment firm now at the centre of a massive fraud investigation, is livid that a document with sensitive information about her client was released to the public.
The Opposition People's National Party is expressing concern about the apparent failure of the Financial Services Commission (FSC) to provide adequate regulatory oversight of companies operating in the non-deposit taking financial services industry.
The legal team for retired sprint king Usain Bolt has given Stocks and Securities Limited (SSL), a company holding investments for the eight-time Olympic champion, 10 days to return his missing funds or face criminal and civil action.