Suspected loan shark arrested in Oldham

Documentation and electronic devices were seized after a warrant was executed on a property in Holts

A man was arrested on suspicion of illegal money lending and money laundering following an operation in Oldham.  

Documentation and electronic devices were seized after a warrant was executed on a property in the Holts area on Wednesday (September 16).

A 50 year-old-man was taken into custody as part of the operation, carried out by the England Illegal Money Lending Team (IMLT) in partnership with Oldham Council Trading Standards and Greater Manchester Police.

The man has been released under investigation pending further enquiries.

Tony Quigley, Head of the Illegal Money Lending Team, said: “We are working closely with our partners to clampdown on the unscrupulous activity of illegal money lending in Oldham.

“We want to reassure victims that we are still here for them, check out the website and seek support using our online live chat service.

"All reports are treated in the strictest confidence and you can remain anonymous if you wish.”

Credit unions are recommended as a safe, alternative lending and saving facility.

For more about Oldham Credit Union, call 0161 678 7245 or visit: www.oldhamcreditunion.co.uk.

To report a loan shark, call the 24-hour confidential helpline on 0300 555 2222, email: reportaloanshark@stoploansharks.co.uk or complete an online report form here 

Live Chat is available on the homepage from 9am to 5pm, Monday to Friday.

Do you have a story for us? Want to tell us about something going on in and around Oldham? Let us know by emailing news@oldham-chronicle.co.uk , calling our Oldham-based newsroom on 0161 633 2121 , tweeting us @oldhamchronicle or messaging us through our Facebook page. All contact will be treated in confidence.