A 60-year-old man has been arrested on suspicion of illegal money lending and theft following a multi-agency operation by the England Illegal Money Lending Team, Thurrock Trading Standards and Essex Police this morning.
Warrants were executed at a residential and a business property in the Stanford Le Hope area of Essex. During the search documentation, suspected to be linked to illegal money lending and a number of vehicle parts which are suspected to be stolen, was found.
The suspect is currently in custody, assisting officers with their enquiries.
Thurrock Council Portfolio Holder for Community, Culture and Leisure Councillor Lynn Worrall said: “This is a great result and is thanks to the hard work and partnership working co-ordinated by the Illegal Money Lending Team. Loan sharks are unscrupulous criminals who take advantage of the most vulnerable members of society and this action shows we will track them down and take action to ensure we protect residents in Thurrock.”
Inspector Paul Hooks, who heads neighbourhood policing in the area, said: “By working in partnership with other agencies, we have successfully recovered a number of vehicle parts that we suspect to be stolen. I hope this sends out a strong message to people that if they commit any type of crime in Tilbury, then we will be visiting you and where necessary we will arrest you and seize items we believe are involved in criminality.”
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. They have written off almost £40 million worth of illegal debt and helped over 16,000 victims.