Warning over loan adverts
Published 11/12/2010 | 05:00
Gardai have warned business people to avoid fraudsters offering unsecured loans with keen rates of interest.
The offers are being made in box advertisements in national newspapers and weekly journals.
Applicants are asked to deposit a sum of money with the "lender" when they make contact. The "lender" then disappears with the cash and, in some cases, has threatened violence on the victim.
Following two separate operations, gardai have arrested five suspects in Galway and Westmeath.