Suspected loan shark arrested in Wirral

A 52-year-old man has arrested on suspicion of illegal money lending and money laundering following an operation in Birkenhead, Wirral.

The England Illegal Money Lending Team (IMLT) working in partnership with Wirral Council Trading Standards and Merseyside Police executed warrants at properties across five addresses in Rock Ferry and Tranmere on Wednesday, 28 April.

Officers seized electronic devices and a large quantity of cash during the searches.

The man was interviewed by IMLT officers and subsequently released under investigation pending further enquiries.

Tony Quigley, Head of the Illegal Money Lending Team said: β€œWe will continue to work with our partners to identify and combat illegal money lending in communities.

β€œWe would urge anyone who has been the victim of a loan shark, or concerned about someone else, to come forward and get the help they need.

“Our specially trained staff will be able to help get you back on your feet again and access the right support for you.”

To report a loan shark, call the 24/7 confidential helpline on 0300 555 2222, email reportaloanshark@stoploansharks.gov.uk or complete an online reporting form.

You can also access immediate support through Stop Loan Sharks Live Chat, available between 9am and 5pm, Monday to Friday (excluding bank holidays). Just click on the chat box in the bottom right hand corner of the screen to talk to a support officer in real time.