Loan sharks charged over illegal deals

A 52 year-old man and a 57-year-old woman from Chorley have been charged with money laundering offences, following an investigation by the England Illegal Money Lending Team.

By The Newsroom
Wednesday, 9th November 2016, 4:02 pm
Updated Wednesday, 16th November 2016, 4:51 pm
Loan shark cash
Loan shark cash

The man has also been charged with illegal money lending.

The pair were arrested after the England Illegal Money Lending Team, who work in partnership with Lancashire County Council and Lancashire Constabulary, executed warrants at the suspects’ address, where cash and documentation were seized.

They are due to make their first appearance in Chorley Magistrates Court on Thursday, December 15.

Sign up to our daily newsletter

Tony Quigley, head of service for the England Illegal Money Lending Team said: “Loan sharks have a detrimental impact on our local communities, and we will continue to combat them.

“If you or someone you know has been a victim of a loan shark, we urge you to get in touch with the team on 0300 555 2222. Your call will be handled confidentially by one of our trained Officers.”

Nationally the Illegal Money Lending Teams have secured more than 354 prosecutions for illegal money lending and related activity, leading to nearly 298 years’ worth of custodial sentences.

They have written off £71.75 million worth of illegal debt and helped over 26,000 victims.