Coastal Financial Corporation (CCB) reported unaudited financial results for the third quarter ended September 30, 2024, highlighting strong momentum across both its community bank and CCBX operating segments. The company achieved high-quality net loan growth despite loan sales and continues to focus on expanding product offerings with its CCBX partners, a key driver of the company’s growth.
The Central Crime Branch (CCB) of Chennai city police has apprehended an individual for defrauding 30 persons of Rs. 4 crore by offering fictitious e-bike dealerships. The scam came to light after a complainant, Murugan, and other victims responded to a newspaper advertisement and were enticed to put down a deposit by Rajendran, the owner of the OITA e-bike showroom in Saidapet. Rajendran vanished in 2021 after shuttering his Saidapet office, prompting Murugan to file a complaint. The CCB’s entrustment document fraud wing took over the investigation and uncovered numerous additional victims. Rajendran was eventually apprehended from his Mamallapuram hideout and remanded to judicial custody.
