Caixin
Jul 19, 2022 08:14 PM
BUSINESS

Another Chip Investment Bigwig Faces Corruption Probe

Lu Jun, ex-chief of the firm that administered China’s biggest chip investment fund, is under investigation for ‘suspected severe violations of discipline and law.’
Lu Jun, ex-chief of the firm that administered China’s biggest chip investment fund, is under investigation for ‘suspected severe violations of discipline and law.’

The man who helmed China’s biggest semiconductor investment fund for six years is being investigated for corruption, the nation’s top anti-graft watchdog said.

Lu Jun, 54, originally of Yancheng, Jiangsu, is being probed for “suspected severe violations of discipline and law,” the Central Commission for Discipline Inspection said in a statement Friday, without elaborating on his alleged transgressions. That stock phase is used to refer to a corruption probe.

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