Suspected loan sharks arrested on Milton Keynes estate

Documentation and electronic devices were also seized after a warrant was executed at a house in Emerson Valley.

A 37-year-old woman and 44-year-old man were taken into custody as part of the operation, which was carried out by the England Illegal Money Lending Team in partnership with Milton Keynes Council Trading Standards and Thames Valley Police.

They have been released under investigation pending further enquiries.

Tony Quigley, head of the England Illegal Money Lending Team, said: “Loan sharks prey on vulnerable people by charging extortionate interest rates then often harassing and intimidating their victims for repayments.

"There are other legitimate options available to people who are experiencing financial problems and help is available from the Swan Community Bank to obtain affordable credit without turning to loan sharks.2

Mr Quigley added: “I am urging anyone who has been a victim of this crime, or thinks they have

been targeted by loan sharks, to get in contact with us. We can help you access specialist services and provide emotional and practical support.”

MK Council's Cabinet Member for Community Safety, Cllr Lauren Townsend, said: “Borrowing money from loan sharks can put people at serious risk. I’m glad that we’re making progress to catch and drive out those who target vulnerable people and subject them to cruel repayment methods. I’d encourage anyone who is a victim to get in touch with us as early as possible.”