Six people have been arrested in a crackdown on loan sharks.
Five women aged 27, 46, 63, 65 and 68 and one man, aged 68 are being questioned in custody on suspicion of illegal money lending and money laundering offences.
The England Illegal Money Lending Team (IMLT) worked with Merton town hall, Wandsworth Regulatory Services and the Met to execute warrants at six residential addresses in Mitcham and Wandsworth on October 22.
Officers seized large quantities of cash, documentation and electronic devices during the searches.
Tony Quigley, head of the illegal money lending team, said: “Loan sharks are notorious for targeting people when they are at their most desperate – exploiting and profiting from their situation and threatening and intimidating victims.
We will continue to work with our partner agencies to ensure loan sharks operating in London are identified and their unscrupulous activities stopped.”
Please support your local paper by making a donation
Please make cheques payable to “MSI Media Limited” and send by post to South London Press, Unit 112, 160 Bromley Road, Catford, London SE6 2NZ
Housing Secretary Robert Jenrick has encouraged everyone in the country who can afford to do so to buy a newspaper, and told the Downing Street press briefing recently: “A free country needs a free press, and the newspapers of our country are under significant financial pressure”.
So if you have enjoyed reading this story, and if you can afford to do so, we would be so grateful if you can buy our newspaper or make a donation, which will allow us to continue to bring stories like this one to you both in print and online.