A 32 year-old man and 44 year-old woman were arrested on Tuesday, 27 June on suspicion of illegal money lending and money laundering, following an operation in Firth Park, Sheffield.
The England Illegal Money Lending Team (IMLT), working in partnership with Sheffield City Council’s Trading Standards Department and South Yorkshire Police, executed warrants at a home address and business premises, seizing a quantity of cash, and documents.
The suspects are currently in custody and are being questioned by officers from the IMLT.
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