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Five arrested in Bari usury probe

Five arrested in Bari usury probe

Five arrested in Bari usury probe

 
Five arrested in Bari usury probe

Suspects allegedly applied 600% interest rates on loans

Lunedì 30 Aprile 2018, 12:34

Bari, April 30 - Carabinieri police in Bari arrested on Monday five suspected members of the local criminal clan Strisciuglio for allegedly applying usurious interest rates of 600% on loans to a local entrepreneur. According to investigators coordinated by the local DDA anti-mafia police, the suspects in 2012 started lending small sums of money to the local businessman which they said had to be given back within a month or interest rates would double. The entrepreneur, who owned a company in the Santo Spirito area, accumulated debts of over half a million euros in a few years and was unable to provide for his family with his business on the brink of bankruptcy, investigators said.

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