Ex-chip fund head Lu Jun accused of taking over 7 billion yuan in bribes

A supplementary indictment in Baishan also alleges Lu Jun and Du Yang accepted 12.18 million yuan in benefits, including Bitcoin, while the case remains without a verdict.

BTC

Summary

Lu Jun, former vice president of China Development Bank Shanghai branch and former head of the National Integrated Circuit Industry Investment Fund, has been accused of taking more than 7 billion yuan in bribes, Caixin reported. A second supplementary indictment in Baishan alleges that Lu and longtime colleague Du Yang accepted 12.18 million yuan in benefits including Bitcoin. Lu Jun’s lawyer said he was unaware of the mining-related Bitcoin. The trial adjourned on November 28, 2025 and no verdict has been issued more than six months later.

Terms & Concepts
  • Bitcoin: A digital token that can be transferred and held electronically without a central issuer.