Hawks raid loan shark outlets, seize 66 SASSA cards, 17 bank cards, Lindley

South African Police Service

0
Hawks raid loan shark outlets, seize 66 SASSA cards, 17 bank cards, Lindley
Hawks raid loan shark outlets, seize 66 SASSA cards, 17 bank cards, Lindley

The Hawks Serious Commercial Crime Investigation team in collaboration with the National Credit Regulator acted swiftly on information about an alleged loan shark and conducted a joint search and seizure at four of his outlets in Lindley on Friday 20 March 2020.

The alleged outlets were operating in contravention with the National Credit Act, 34 of 2005, thereby withholding identity documents, bank cards and pins from their clients and charging exorbitant interest on the loans.

The team managed to seize 66 SASSA Cards, 17 Bank Cards from different banking institution belonging to the clients.

The case against the 51-year-old Attorney, the owner of the case loan outlet was opened and the docket referred the DPP for prosecutor decision.

It is however alleged that on 21 March 2020, the suspect committed suicide.

South Africa Today – South Africa News

Disclaimer: The views of authors published on South Africa Today are their own and do not necessarily represent the views of South Africa Today. By viewing, visiting, using, or interacting with SouthAfricaToday.net, you are agreeing to all the provisions of the Terms of Use Policy and the Privacy Policy.