Former client manager of CCB Asia pleads guilty to accepting US$470,000 in Tether bribes, awaits sentencing

Odaily report: Lam Chun-yin, 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 — cryptocurrency "Tether" worth more than US$470,000 in total — in order to illegally certify 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 along with full assistance. Judge Lian Jinhong adjourned the case to September 18 for sentencing, during which the defendant will be remanded in the custody of the Correctional Services Department. (Sina Finance)