Suspected loan shark arrested in east London

A 44-year-old woman was arrested on suspicion of illegal money lending following an operation in east London.

The England Illegal Money Lending Team (IMLT) worked in partnership with officers from the Metropolitan Police to execute a warrant at an address in the Leyton area on Wednesday, November 8.

Officers seized electronic devices and documentation.

The suspect was taken into custody and is helping investigators with their inquiries.

The IMLT works in partnership with London Borough of Waltham Forest Trading Standards Service to investigate and prosecute illegal money lenders.

Tony Quigley, Head of the Illegal Money Lending Team, said: “We are working hard with our partners to tackle illegal money lending in England.

“If anyone thinks they have been targeted by an illegal lender, I would urge them to get in touch with our specialist team in confidence. Our officers can offer expert advice and support.”

The Centre for Social Justice (CSJ) estimates that there are up to 1.08 million people in debt to loan sharks in England.

Anyone with concerns about illegal money lending can contact the Stop Loan Sharks 24/7 Helpline in confidence on 0300 555 2222 or access support online at www.stoploansharks.co.uk. Live Chat is available on the website between 9am and 5pm, Monday to Friday.