PANews
PANews|Jul 10, 2026 09:10
[Lu Jun Case Trial Awaits Verdict After Half a Year: Involves 'Benefits' of 12.18 Million Yuan Including Bitcoin and Zhongqing Xinxin Equity Payments] According to Caixin, Lu Jun, former Deputy President of the Shanghai Branch of the China Development Bank, Vice President of Guokai Financial, and later head of the National Integrated Circuit Industry Investment Fund, is accused of accepting bribes exceeding 700 million yuan. In the second supplementary indictment filed by the Baishan City Procuratorate against Lu Jun, it was revealed that he and his longtime colleague Du Yang accepted 'benefits' totaling 12.18 million yuan, including payments for Zhongqing Xinxin equity and Bitcoin. Reportedly, the Bitcoin involved in the case was obtained through mining operations conducted by Du Yang. Lu Jun's defense lawyer stated that Lu Jun was unaware of the Bitcoin mining activities. The trial was adjourned by the presiding judge on November 28, 2025. As of now, more than half a year has passed since the trial began, and the case has yet to be concluded.
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