Loan shark suspect arrested in money lending probe

Image source, England Illegal Money Lending Team

Image caption, The suspect was arrested after officers carried out a warrant in the Bannerbrook Park area

A man has been arrested on suspicion of of illegal money lending following a raid in Coventry.

Officers searched a property in the Bannerbrook Park area of the city, where an electronic device was seized and the 51-year-old was detained.

A food van, near Thurlaston, was also raided in connection with the investigation.

There are more then one million people in debt to loan sharks in England, figures from the Centre for Social Justice (CSJ) have revealed.

Tony Quigley, head of the England Illegal Money Lending Team (IMLT), said: 鈥淚llegal money lending will not be tolerated in England, and we will continue to work with our partners to take action against those who blight our communities in this way."

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