A SUSPECTED loan shark from Bromsgrove was arrested when officers found cash, documentation and other evidence at his home.
The England Illegal Money Lending Team, who work in partnership with Worcestershire Regulatory Services and West Mercia Police, executed a warrant to search the 48-year-old's house in October.
Following the investigation he has been charged with illegal money lending and money laundering and will appear at Redditch Magistrates Court on Tuesday, February 25.
Councillor Lucy Hodgson, chair of the Worcestershire Regulatory Services Joint Committee, said: “Loan sharks can make people’s lives a misery, preying on the vulnerable.
“We will continue to work to make sure these offenders are caught.”
Anyone with information or knows of a loan shark, can report them by calling the 24-hour confidential hotline To report a loan shark 0300 555 2222, by texting 'loan shark + your message’ to 60003, by emailing firstname.lastname@example.org, or by sending a private message on facebook.com/stoploansharksproject.