Two Filipinas To Appear Before UK Court On Loan-Shark Charges
16 Aug 2012
Cambridge Pinays to appear in court charged with illegal money lending
Two Filipino women from Cambridge have been charged with illegal money lending and money laundering following an investigation by the England Illegal Money Lending Team.
The suspected loan sharks aged 45 and 40 were arrested after the team, who work in partnership with Cambridgeshire County Council, executed warrants at their homes, both of which are in the Cherry Hinton area of Cambridge.
The older woman was arrested in January and the younger woman was arrested in May.
The two women are suspected of operating an oganized money lending ring in the Cambridge area.
The pair are due to make their first appearance before Cambridge Magistrates (above) on Tuesday 11th September 2012 at 9.30am.
Their names have been withheld until the court appearance at the request of the authorities.
There has been a massive crackdown on loan sharking in the UK over the past 3 years.
Nationally the illegal money lending teams have secured over 212 prosecutions for illegal money lending and related activity, leading to 132 years worth of custodial sentences. They have written of almost £40 million worth of illegal debt and helped over 18,000 victims.