Police arrest a woman in Exeter on suspicion of being a loan shark

A woman from Exeter has been arrested by police on suspicion of being a loan shark, after equipment and paperwork was seized from an address in the city.

Devon and Cornwall Police on Wednesday (April 24) arrested a 46-year-old woman in the Pennsylvania area of Exeter.

She was taken into custody by police, questioned by the England Illegal Money Lending Team (IMLT), and later released on bail pending further investigations.

A spokeswoman for the IMLT said: “A 46-year-old woman was arrested on suspicion of illegal money lending following an operation in Exeter today.

“The England Illegal Money Lending Team, working in partnership with officers from Devon and Cornwall Police, executed a warrant at an address in the Pennsylvania area on Wednesday, April 24.

“Officers seized electronic devices and paperwork.

“The suspect was taken into custody to be questioned by IMLT investigators and later released on bail pending further inquiries.”

The IMLT works in partnership with the Heart of the South West Trading Standards Service to investigate and prosecute illegal money lenders.

Tony Quigley, head of the IMLT, said: “Today’s action is part of our ongoing work to tackle illegal money lending in England. We would like to thank our partners who have worked with us on this investigation.

“We would urge anyone who thinks they may be in debt to an illegal lender to contact us in confidence for specialist help and advice.

“We realise it might be a difficult step for people to admit they have borrowed from an illegal lender, but we are here to help, not judge.”

  • Anyone who has been affected by illegal money lending can call the Stop Loan Sharks 24/7 Helpline on 0300 555 2222 or access support online here.

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