Two held in money lending probe as chiefs issue alert
TWO men have been arrested on suspicion of illegal money lending and money laundering as part of an investigation into alleged loan shark activity in Widnes.
The suspects, 47 and 50, were detained following warrants at two addresses in Hough Green last Wednesday, April 18.
An Illegal Money Lending Team (IMLT) spokeswoman said investigators seized documents and electronic devices.
The operation was carried out by the IMLT, with Halton Borough Council Trading Standards and Cheshire police.
At time of writing, the suspects were being questioned.
Law enforcers have been carrying out other activity aimed at thwarting illegal lenders in recent weeks, including hosting IMLT training sessions for police and other front line workers in Halton, focusing on the key signs that could signal someone is being targeted by a loan shark.
It is hoped the work will increase the number of potential victims turning to the IMLT for help. As part of the wider campaign, residents have been warned of general risks associated illegal lenders.
Tony Quigley, head of the IMLT, said: “Loan sharks prey on some of the most vulnerable members in our society and so it’s vitally important we work with key organisations to combat illegal money lending and protect residents.
“We urge residents who have fallen victim to this crime to contact us in confidence on 0300 555 2222 and help us bring these unscrupulous lenders to justice.”
Deana Perchard, Halton’s Trading Standards manager, said: “Halton Borough Council will continue to support the important work of the Illegal Money Lending Team.
“Loan sharks target those who find it difficult to borrow money from more regular sources. Anyone who lends you money and asks for more in return is not a friend – if they’re not licensed to provide loans, they’re a loan shark”
Sgt Neil Edgar, of Widnes Local Policing Unit, added: “Loan sharks are criminals who prey on some of the most vulnerable members of our community; they will often make threats and use violence in order to enforce payments.
“I urge anyone who believes they are a victim to contact the national loan shark helpline.”
To report a loan shark, call the 24-hour confidential line on 0300 555 2222, text 07860 022 116, see www.stoploansharks.co.uk, email reporta loanshark@ stoploansharks. gov.uk or use www.facebook. com/stoploansharksproject ●