Suspected loan sharks arrested in Derby

A 22-year-old man and a 43-year-old woman from Derby were arrested on on suspicion of illegal money lending and money laundering on Tuesday, 7th May.

The England Illegal Money Lending Team (IMLT) worked in conjunction with officers from Derby City Council Trading Standards and Derbyshire Constabulary to execute a warrant at a residential address in Abbey.

During a search of the premises, officers seized documentation and electronic devices.

The suspects were questioned by investigators before being released under investigation while enquiries continue.

Tony Quigley, Head of the Illegal Money Lending Team, said:

“Loan sharks target some of the most vulnerable people in our county so it’s vitally important we remove illegal money lending from our communities.

“I urge anyone who is suffering at the hands of loan sharks to contact the team in confidence on 0300 555 2222.”

Fakir Osman, Trading Standards Team Leader at Derby City Council said:

“Derby City Council recognises the issues of illegal money lending and fully supports the England Illegal Money Lending Team in any action that they take.”

Nationally, Illegal Money Lending Teams have secured more than 385 prosecutions for illegal money lending and related activity, leading to over 330 years’ worth of custodial sentences. They have written off £74 million worth of illegal debt and helped over 28,000 people.

To report a loan shark call the 24/7 confidential hotline 0300 555 2222, text a report to 078600 22116 or visit