A 44 year-old man was arrested this morning (27th March) on suspicion of illegal money lending and money laundering following an operation in Shiregreen, Sheffield.
The England Illegal Money Lending Team (IMLT) working in partnership with Sheffield City Council’s Trading Standards Department and South Yorkshire Police executed a warrant at a home address in Shiregreen seizing documentation.
Tony Quigley, Head of Service for the National Illegal Money Lending Team said:
“We will continue to work to combat loan sharks. They can cause untold misery to the most disadvantaged in our communities. We would urge anyone with information about loan sharking or victims of loan sharks to contact the team on 0300 555 2222.”
Councillor Jack Scott, Cabinet Member for Community Services at Sheffield City Council said:
“Sheffield City Council are absolutely determined to tackle the blight of loan sharking in our communities and to provide real alternatives for local people.
“Our new Financial Inclusion plan will ensure that every Sheffield resident can get high quality debt advice and budgeting help alongside safe saving and borrowing options from trusted lenders.
“I urge anyone who is suffering at the hands of loan sharks to contact the England Illegal Money Lending Team (IMLT) in confidence.
This IMLT operation formed part of Operation Duxford – a force wide initiative being led by South Yorkshire Police with a purpose to engage with the community, raise police visibility and protect vulnerable people. Operation Henlow was just one of 4 warrants executed across Sheffield today.
Supt Chapman of South Yorkshire Police said:
“We’ve already had some really positive results from the operation so far this morning and this work will continue throughout today.
“We’ve executed four warrants and 12 people have been arrested for a range of offences. This is a great start to the day and I’m grateful to everyone involved, and to our local communities, for supporting this operation.”
Nationally, Illegal Money Lending Teams have secured more than 370 prosecutions for illegal money lending and related activity, leading to nearly 318 years’ worth of custodial sentences. They have written off £71.9 million worth of illegal debt and helped over 26,500 people.
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