The Police are investigating 124 persons, aged between 14 and 72, for their suspected involvement in unlicensed moneylending activities.

During a five-day anti-unlicensed moneylending operation conducted between 18 and 22 September 2023, officers from the Criminal Investigation Department and the seven Police land divisions conducted simultaneous raids island-wide.

Preliminary investigations revealed that 11 persons had allegedly conducted harassment at debtors’ residences, 40 persons, believed to be runners, had assisted in unlicensed moneylending businesses by carrying out Automated Teller Machine (ATM) transfers, and one person is believed to have provided false contact information leading to harassment being carried out at an innocent victim’s residence.