 He was removed from his post amidst allegations of bribery, corruption, and misappropriation of funds.He allegedly took bribes and was accused of having illegally loaned some 3.2 billion Yuan from the Shanghai Social Security Fund to Fuxi Investment Holding Co., a company owned by businessman and fellow Chinese People's Political Consultative Conference (CPPCC) member Zhang Rongkun.Zhu is also implicated in the embezzlement of 16 billion Yuan from the fund between 1998 and 2006.