7 ‘loan sharks’ arrested

Seven people suspected of dealing in illegal money lending business, popularly known as Banque Lambert, have been arrested.
REVEALED; Eric Kayiranga (File photo)
REVEALED; Eric Kayiranga (File photo)

Seven people suspected of dealing in illegal money lending business, popularly known as Banque Lambert, have been arrested.

According to Police Spokesperson, Superintendent Eric Kayiranga, the seven were arrested on Sunday and are currently being held at the Police Headquarters in Kacyiru.

“Some of these suspects brought to police claims concerning Banque Lambert. They asked police to help them recover their money from people who refused to pay them,” said Kayiranga.

Police investigations into Banque Lambert scams have previously led to the arrests of several people. Kayiranga reiterated that the business is illegal and thus punishable under the law.

He noted that  people accept to borrow money out of ignorance from individuals and in most cases the lenders charge very high interest rates.

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