KINGSTON, Jamaica – The Financial Investigations Division (FID) confirmed that Jamaican law enforcement received a report on Wednesday, regarding the alleged fraudulent activities at Stocks and Securities Limited (SSL), which are said to have affected the accounts of Usain Bolt among other individuals.

In a statement on Friday, the FID said, “A collaborative investigation is now being conducted by the Jamaica Constabulary Force’s Fraud Squad and the Financial Investigations Division. In addition, the country’s regulatory authorities are executing the requisite protocols in accordance within their remit.”

The Division, which is the investigative arm of the Ministry of Finance and the Public Service, added that all investigative tools and regulatory protocols are now being taken and applied purposefully.

“At this stage, it is very early in the process and no further details can be shared at the moment,” the statement read. Previously, OBSERVER ONLINE reported that the Financial Services Commission (FSC) is putting reins on the operation of the investment firm, following news of a monumental fraud at the entity which sources said totalled more than $1.2 billion.

READ:$1.2-b fraud •FSC puts reins on Stocks and Securities Ltd

The Olympian and a sitting Member of Parliament, whose name is being withheld, are among the more than 30 people whose investments at SSL are believed to be among those fleeced by a wealth advisor who was recently fired by the company.