Former client manager of CCB Asia accepts 47 million dollars in Tether bribes, pleads guilty and awaits sentencing

Odaily News: Lin Junxian, a former client manager of China Construction Bank (Asia) Corporation Limited, admitted to conspiring with an employee of a fintech company and his accomplices to accept bribes, namely the cryptocurrency "Tether" worth more than 470,000 USD in total, and illegally certified multiple false documents without bank authorization, providing guarantees for several insurance-related investment transactions. An internal investigation by CCB (Asia) uncovered the incident, after which a corruption complaint was made to the ICAC and full assistance was provided. Judge Lian Jinhong adjourned the case to September 18 for sentencing, during which the defendant was remanded in the custody of the Correctional Services Department. (Sina Finance)