Former CCB Asia Relationship Manager Pleads Guilty to Accepting $470,000 in USDT Bribes, Sentencing Deferred

Odaily News: Lam Chun-yin, a former relationship manager at China Construction Bank (Asia) Corporation Limited, pleaded guilty to conspiring with an employee of a fintech company and his associates to accept bribes totaling over $470,000 in the cryptocurrency "Tether" (USDT), illegally certifying multiple false documents without bank authorization to serve as guarantees for several insurance-related investment transactions. The case was uncovered through an internal investigation by CCB (Asia), which subsequently filed a corruption complaint with the ICAC and provided full assistance. Judge Lian Jinhong adjourned the case to September 18 for sentencing, during which the defendant will be remanded in custody by the Correctional Services Department. (Sina Finance)