Man arrested on suspicion of illegal money lending
Date published: 19 September 2011
A 66-year-old Rochdale man has been arrested on suspicion of illegal money lending and money laundering following an operation by the England Illegal Money Lending Team working in partnership with Rochdale Borough Council.
Officers from the team executed a warrant at a residential property on Tuesday (13 September) and seized a substantial amount of documentation.
The suspect was questioned and has now been bailed pending further enquiries until Wednesday 9 November 2011.
Nationally the Stop Loan Shark Project has secured over 190 prosecutions for illegal money lending and related activity, leading to 113 years worth of custodial sentences.
The project has written off almost £40 million worth of illegal debt and helped over 16,000 victims.
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