A 67 year-old man was arrested this morning (Wednesday, 14th June) on suspicion of illegal money lending and money laundering, following an operation in Barne Barton.
The England Illegal Money Lending Team, working in partnership with Devon and Cornwall Police, executed a warrant at a home address, seizing documentation and electronic devices.
The suspect is currently in custody and is being questioned by IMLT officers.
Tony Quigley, Head of Service for the England Illegal Money Lending Team, said:
“We will continue to work with local authorities and the police to combat loan sharks. These criminals cause untold misery amongst our local communities.
“If you’ve been issued a loan with no paperwork or are receiving threats over a loan you have already paid off, please get in touch with the IMLT on 0300 555 2222. Your call will be handled by a trained IMLT officer and all information will be treated in the strictest confidence.”
Nationally, Illegal Money Lending Teams have secured more than 378 prosecutions for illegal money lending and related activity, leading to nearly 325 years’ worth of custodial sentences. They have written off £71.9 million worth of illegal debt and helped over 26,500 people.
To report a loan shark:
Call the 24/7 confidential hotline 0300 555 2222
Text a report to 078600 22116
Visit the website www.stoploansharks.co.uk
Private message us on www.facebook.com/stoploansharksproject