Two men have been arrested on suspicion of illegal money lending and money laundering, following an operation in Chester.
Documentation and electronic devices were seized following a raid on a property in Westminster Park yesterday (March 6).
The men, aged 24 and 54 were taken into custody as part of the operation by the England Illegal Money Lending Team (IMLT) in partnership with Cheshire Constabulary.
Both suspects have been released under investigation pending further enquiries.
Tony Quigley, head of the Illegal Money Lending Team, said:
“Illegal money lenders prey on the vulnerable within our communities, with victims faced with spiralling debt, extortionate interest rates and the very real threat of intimidation. We will continue to work with our partners to crack down on this crime.”
To report a loan shark:
Call the 24/7 confidential hotline 0300 555 2222
Text a report to 078600 22116
Visit the website www.stoploansharks.co.uk
Private message us on www.facebook.com/stoploansharksproject