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Snapchat loan shark who pocketed £140,000 and threatened victims with violence is jailed

01.07.2021 - 18:37

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Get the inside track on the big stories from Manchester courts with our weekly newsletter A Yorkshire loan shark who threatened his victims on social media has been jailed for 16 months, investigators said.

Rovin Mavunga charged interest rates of almost 100 per cent on loans and pocketed £140,000 in repayments over a 22-month period.

The 24-year-old preyed on vulnerable people, threatening them with violence when they missed repayments, the England Illegal Money Lending Team (IMLT) said.

Mavunga ran an “organised, sophisticated and profitable illegal business”, Sheffield Crown Court heard. He offered short-term, high-interest loans to 130 borrowers – increasing repayments arbitrarily and adding harsh penalty charges for late and missed

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