Two suspected loan sharks arrested in joint crackdown

A man and a woman have been arrested on suspicion of illegal money lending and money laundering offenses after an operation in Liverpool and Skelmersdale.

England’s Illegal Money Lending Team (IMLT) worked in partnership with officers from Lancashire and Merseyside Police Force, Lancashire County Council and Liverpool City Council’s Trading Standards to execute warrants to two addresses Wednesday, February 16.

Officers seized cash, documentation and electronic devices during searches of properties in the Digmoor area of ​​Skelmersdale and Liverpool.

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A 50-year-old woman and a 65-year-old man were taken into custody for questioning. They have since been released under investigation pending further investigation.

Tony Quigley, Illegal Money Lending Team Leader, said: Illegal money lending will not be tolerated and we will continue to work with our partners to take action against those who ravage our communities in this way.

“If you were offered a cash loan, threatened because you couldn’t pay, your bank card was taken away from you as collateral, or what you owe continues to grow even as you make payments, then you you may have been bitten by a loan shark.

“If you, or someone you know, has experienced any of these things or has knowledge of loan sharking activities, contact our team in confidence. We will help you escape the clutches of these ruthless criminals. “

Liverpool Council Cabinet Member for Wards, Cllr Abdul Qadir, said: “This is partnership work at its best. It’s great to see that the expertise and dedication of these teams really delivers. results – results that will ultimately make a real and positive difference to the lives of vulnerable people.

“Inquiries like these send a clear message that this activity will not be tolerated, and we will continue to work with partners to ensure residents are not victimized by these unlicensed and unscrupulous pawnbrokers.”

Anyone with concerns about illegal money lending can contact the Stop Loan Sharks 24/7 helpline in confidence on 0300 555 2222 or access online support. here. Live chat is available on the website between 9 a.m. and 5 p.m., Monday through Friday.

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