CCB Asia ex-manager admits taking more than $470,000 in Tether bribes

  • Lin Junxian pleaded guilty to conspiring to accept Tether bribes with a fintech employee and accomplices.
  • More than $470,000 worth of Tether was involved in the bribes.
  • CCB Asia reported the conduct to the ICAC after uncovering it through an internal investigation.

A former client manager at China Construction Bank (Asia) Corporation Limited, Lin Junxian, pleaded guilty to conspiring with a financial technology company employee and accomplices to accept more than $470,000 worth of Tether as bribes. He also admitted illegally authenticating multiple false documents without the bank’s authorization to guarantee several insurance-related investment transactions. CCB Asia uncovered the conduct through an internal investigation, filed a corruption complaint with the Independent Commission Against Corruption (ICAC), and assisted the investigation. Judge 练锦鸿 adjourned sentencing until Sept. 18, while Lin remains in the custody of the Correctional Services Department.

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