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7 arrested for loan-sharking including lawyer

'Asked 500% annual interest rate'

21 February, 12:38
7 arrested for loan-sharking including lawyer (ANSA) - Bari, February 21 - Italian police on Friday arrested seven people in Puglia including a lawyer on suspicion of loan-sharking.

A local construction entrepreneur reported the alleged gang to police after they demanded an annual interest rate of 500%.

Lawyer Vincenzo Massimo Siani, 56, from the town of Altamura, is accused of drafting deeds of sale for a construction site the gang was extorting from the businessman.

He has been ordered not to leave the area.

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