Suspected loan shark arrested following operation in Bromsgrove
A 48 year old man has been arrested on suspicion of illegal money lending, following an operation in Bromsgrove yesterday.
The England Illegal Money Lending Team working in partnership with Worcestershire Regulatory Services, and assisted by West Mercia Police, executed a warrant at a residential property seizing cash, documentation and other evidence.
The suspect was questioned by officers from the Team and has been released on bail until Monday 3rd February 2014 whilst further enquiries are carried out.
Councillor Lucy Hodgson, County Councillor for Chase Division and Cabinet Member for Localism and Communities said “Through our Trading Standards Team we are always keen to support the work which the England Illegal Money Lending Team do to stop loan sharks operating in Worcestershire particularly in the current climate.
“It is important to remind residents that they can get financial support through a host of organisations such as the Citizens Advice Bureau.”
Nationally the Illegal Money Lending Teams have secured 266 prosecutions for illegal money lending and related activity, leading to more than 171 years worth of custodial sentences. They have written off £40.3 million worth of illegal debt and helped over 22,000 victims.
To report a loan shark:
Call the 24/7 confidential hotline 0300 555 2222
Text ‘loan shark + your message’ to 60003
Private message us on www.facebook.com/stoploansharksproject
For more information contact Sarah-Jane Lynch, Illegal Money Lending Team communications officer, on 0121 693 1030 or 07881617119 or email email@example.com. To speak to the National Trading Standards Board with a more general enquiry please contact the Trading Standards Institute press office on 0845 6089430 or firstname.lastname@example.org
Notes to editors
The National Trading Standards Board (NTSB) is a group of senior and experienced local government heads of trading standards, representing all trading standards services across England and Wales. The Board has been set up by the Government as part of changes to the consumer protection landscape and an enhanced role for trading standards.
NTSB provides leadership influence, support and resources to help combat consumer and business detriment locally, regionally and nationally.
The Stop Loan Sharks Project consists of three Illegal money lending teams in England, Scotland and Wales. The NTSB has responsibility for the England and Wales Illegal Money Lending Teams that are hosted by Birmingham City Council and Cardiff Council. There are separate arrangements in place in Scotland.
Nationally, Illegal Money Lending Teams have secured 266 prosecutions for illegal money lending and related activity, leading to more than 171 years-worth of custodial sentences. They have written off £40.3 million worth of illegal debt and helped over 22,000 people.
The Illegal Money Lending Teams in England and Wales work in partnership with local Trading Standards Authorities in their related countries. They consist of specialist officers who investigate and prosecute illegal money lending and related activity and LIAISE officers who support victims and raise awareness of the dangers of borrowing from illegal money lenders.
DATE: 03 October 2013