Feud gang ‘buys out’ moneylender

MANY Limerick families are caught in a violent debt-repayment trap in the run-up to Christmas.

They are reportedly being forced to hand over huge sums to a feared feud gang who have “acquired the business” of a leading illegal moneylender in the city.

The unauthorised moneylender ran an extensive back-street finance operation in the north side of the city. Recently he sold on his book of customers to a feud gang. He took the decision after being caught handing out children’s allowance books to mothers outside a post office by undercover gardaí. On getting their allowances the mothers handed back the books to the lender along with debt repayments.