Suspected loan shark arrested in Colne as part of joint crackdown

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Documentation and electronic devices were seized during the search on a property last week

A man was arrested on suspicion of illegal money lending and money laundering offences following an operation in Lancashire.

The IMLT works in partnership with Lancashire County Council Trading Standards to investigate and prosecute illegal money lenders. The 34-year-old suspect was taken into custody for questioning. He has since been released under investigation pending further enquiries.Tony Quigley, Head of the England Illegal Money Lending Team said: “We are committed to working with our partners to clamp down on illegal lenders and their exploitative practices.

“If you think you have been targeted by a loan shark or are worried about a loved one, our national helpline is open 24 hours a day on 0300 555 2222 and offers free and confidential support.”

 

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