Caixin: A well-known female lawyer in Chongqing goes missing, possibly involved in the mayor Hu Henghua stablecoin bribery and money laundering case

BlockBeats News. May 1, according to Caixin, citing multiple independent sources, Peng Jing, founding partner and director of Chongqing Jingsheng Law Firm, was recently taken away for investigation by relevant authorities. Outside speculation suggests that it may be related to the case of Hu Henghua, a previously removed Chongqing mayor, and Luo Lin, a Chongqing Municipal Party Committee Standing Committee member and Party Secretary of the Liangjiang New Area District Committee.

Media reports from Chongqing’s political and business circles say that both Hu Henghua and Luo Lin’s removals involved accepting bribes and money laundering through stablecoins, and that Peng Jing is suspected of assisting with fund handling in the name of “lawyer fees.” An insider said that Lin Kechuang, the son-in-law of Lin Xiucheng, previously paid Hu Henghua 30.80 million USDT, which is about RMB 210 million.

After Hu Henghua was put under investigation, the relevant authorities controlled his cold wallets and further traced the fund flows of six other cold wallets held by Lin Kechuang. It is reported that one transfer of 15.50 million USDT was sent to Luo Lin. The report states that after Luo Lin was taken away, his cold wallets hidden with a third party were subsequently seized.