Loan shark cases refer to legal situations involving lenders who offer loans at extremely high and often illegal interest rates, usually to individuals who are unable to borrow money from traditional financial institutions. These lenders, known as loan sharks, often exploit vulnerable borrowers by using aggressive tactics, such as harassment or intimidation, to collect debts. Loan sharking is considered a form of predatory lending and is illegal in many jurisdictions. Cases may involve the investigation and prosecution of these lenders, as well as legal actions taken by borrowers seeking relief from excessive debt and coercive practices. The term highlights the intersection of financial exploitation and criminal activity, often necessitating legal intervention and consumer protection efforts.
**Charges against two of the nine accused loan sharks have been withdrawn in a sensational case that has captured public attention.** The ongoing trial involves an alleged extortion scheme targeting…