Pensioner Handed Out £4.7m in 'Oppressive' Loan Shark Scheme

Pensioner handed out £4.7m in 'oppressive' loan shark scheme

Alexander Ali Baba lent more than £4.7 million and expected more than £6.5 million in return

Loan shark who preyed on vulnerable borrowers jailed for £4.7m lending scheme

A Morden loan shark who lent millions has been jailed for exploiting vulnerable people.

Loan shark who lent more than £4.7m is jailed

A London loan shark who lent more than £4.7 million and expected more than £6.5 million in return has been jailed for 12 months today. Alexander Ali Baba. Picture – Metropolitan Police Alexander Ali Baba, aged 66, of Morden, south London, admitted two charges of illegal money lending, one between January 2020 and December 2022 and the second between January 2023 and October 2025. He appeared before Kingston upon Thames Crown Court today to be s…