Ex-Manager of China’s Semiconductor ‘Big Fund’ Handed Over to Prosecutors

What’s new: China’s graft busters have handed over the former manager of the country’s biggest state-run semiconductor investment fund to prosecutors, who will decide whether to press criminal charges against him.

Lu Jun has been expelled from the Communist Party of China on suspicion of taking bribes, embezzling public funds and abusing his position at a state-owned enterprise, according to a Thursday statement from the Central Commission for Discipline Inspection.