Suspected loan shark arrested in Oldham

A man was arrested on suspicion of illegal money lending and money laundering following an operation in Oldham.  

Documentation and electronic devices were seized after a warrant was executed on a property in the Holts area of the town on Wednesday, September 16.

A 50 year-old-man was taken into custody as part of the operation, carried out by the England Illegal Money Lending Team (IMLT) in partnership with Oldham Council Trading Standards and Greater Manchester Police.

The man has been released under investigation pending further enquiries.

Tony Quigley, Head of the Illegal Money Lending Team, said: “We are working closely with our partners to clampdown on the unscrupulous activity of illegal money lending in Oldham.

“We want to reassure victims that we are still here for them, check out the website and seek support using our online live chat service. All reports are treated in the strictest confidence and you can remain anonymous if you wish.”

Credit unions are recommended as a safe, alternative lending and saving facility. For more about Oldham Credit Union, call 0161 678 7245 or visit www.oldhamcreditunion.co.uk.

To report a loan shark, call the 24-hour confidential helpline on 0300 555 2222, email reportaloanshark@stoploansharks.co.uk or complete an online report form here. Live Chat is available on the homepage from 9am to 5pm, Monday to Friday.