Personal Finance

Three arrested over suspected illegal money-lending and laundering

Two men and a 24-year-old woman have been arrested in connection with a suspected illegal money-lending and laundering racket run from a Scunthorpe address.

All three are understood to belong to the same family.

The arrests followed dawn raids by the Birmingham-based England Illegal Money Lending Team (IMLT) on homes in Bottesford and the Crosby area of Scunthorpe.

During the swoops last Thursday (February 23) the 11-strong squads, backed up by Humberside Police and trading standards officers from North Lincolnshire Council, seized documents and electronic devices from both addresses, as well as a quantity of substance suspected to be drugs.

Tony Quigley, who headed up Operation Odi, as it was code-named, said later: “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.”

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