Two arrested in 'loan sharks' probe after homes raided in Widnes

The men, aged 47 and 50, were arrested on suspicion of illegal money lending and money laundering, after warrants were executed at two addresses in Hough Green.

The Illegal Money Lending Team (IMLT) working in partnership with Halton Borough Council Trading Standards and Cheshire Constabulary executed the warrants and seized documentation and electronic devices from the properties.

The suspects are in custody and being questioned by officers from the IMLT.

Tony Quigley, head of the Illegal Money Lending Team, said: “Loan sharks prey on some of the most vulnerable members in our society and so it’s vitally important we work with key organisations to combat illegal money lending and protect residents.

“This operation sends out a clear message to all those involved in this type of criminal activity that we will not tolerate loan sharks in Cheshire. We urge residents who have fallen victim to this crime to contact us in confidence on 0300 555 2222 and help us bring these unscrupulous lenders to justice.”

Deana Perchard, Halton Borough Council’s Trading Standards manager, added: “Halton Borough Council welcomes this result and we will continue to support the important work of the Illegal Money Lending Team.

“Loan sharks target those who find it difficult to borrow money from more regular sources. Anyone who lends you money and asks for more in return is not a friend – if they’re not licensed to provide loans, they’re a loan shark”

Sergeant Neil Edgar, Widnes Local Policing Unit, said: “Loan sharks are criminals who prey on some of the most vulnerable members of our community; they will often make threats and use violence in order to enforce payments.

“Cheshire Police will not tolerate this type of behaviour and we are committed to working with our partners to bring those responsible to justice. I urge anyone who believes that they are a victim to contact the national loan shark helpline.”