Former bank manager Lam Chun-yin faces bribery charges, including accepting cryptocurrency worth over $470,000, for authenticating false standby letters of credit and collateral letters. Along with another former bank manager, Lee Ka-man, Lam is charged with conspiracy to use false instruments as part of a scheme involving a fintech company, Vesttoo Limited. The alleged offenses occurred between April 2022 and July 2023. The case will be transferred to the District Court, and the defendants have been granted bail.
Resources: https://www.icac.org.hk/en/p/press/index_id_2117.html
