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Lu Jun's Bribery Case Awaits Verdict After Six-Month Recess, Alleged to Have Received 12.18M Yuan Including Bitcoin

Enforcement Actions

2026-07-10 09:11:49

BTC2.19%

According to Caixin, Lu Jun, former vice president of China Development Bank's Shanghai Branch and later head of the National Integrated Circuit Industry Investment Fund, faces bribery charges exceeding 700 million yuan. In a supplementary indictment from the Baishan Procuratorate, prosecutors alleged that Lu and long-time associate Du Yang jointly received 12.18 million yuan in benefits, including equity stakes in Zhongqing Chipfoundry and bitcoin from mining operations. Lu's defense counsel stated that Lu was unaware of the bitcoin mining activities. The trial recessed on November 28, 2025, and remains pending judgment over six months later.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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