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Bolt suspended in Tunisia amid money laundering investigation

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Tunisian authorities have shut down several ride-hailing apps, with Bolt emerging as the primary target of a major investigation into alleged financial misconduct. The National Guard’s financial crimes unit has uncovered suspicious activities that include money laundering and tax evasion.

According to official statements, the implicated companies are accused of operating without proper licenses, using fake permits, and transferring millions of dollars through undeclared bank accounts. Approximately 12 million dinars ($4 million) have already been seized, and the companies have been removed from Tunisia’s business registry.

The suspension comes at a challenging time for Tunisia’s transportation infrastructure. With public transport systems struggling due to years of poor maintenance and underfunding, ride-hailing services like Bolt have become crucial for millions of citizens, particularly in urban centers like Tunis and Sfax.

President Kais Saied, who has been vocal about corruption in the transport sector, is backing the investigation. This marks the first significant probe into private transportation companies, following previous anti-corruption efforts focused on public transit.

Read also: Google opens first African Cloud Region in Johannesburg

Bolt, an Estonian-based company with 4.5 million global partner drivers, has not yet issued an official statement. The suspension could leave thousands of drivers and riders without a reliable transportation option, potentially increasing pressure on traditional taxi services.

The investigation raises questions about the regulatory environment for ride-hailing apps in Tunisia. While the full details of the alleged financial crimes remain unclear, authorities are sending a strong message about financial compliance.

As the situation develops, commuters and industry observers are waiting to see how long the suspension will last and what steps Bolt must take to resume operations in the country.

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