Head of China’s world-famous Buddhist sanctuary Shaolin Temple under criminal investigation

The abbot of China’s famous Shaolin Temple is under investigation for criminal offences including embezzling project funds and temple assets, according to a statement released by the Buddhist sanctuary on Sunday.

Shi Yongxin, head of what is one of the most famous Buddhist monasteries in the world, is suspected of seriously violating Buddhist precepts and is currently under joint investigation by multiple departments, the statement added.

The temple also accused Shi of maintaining improper relationships with multiple women for a long time and having illegitimate children, and promised to release more details to the public in a timely manner.

Shaolin Temple, established more than 1,500 years ago in central China’s Henan province, is the birthplace of Zen or Chan Buddhism and a Unesco World Heritage site. The renowned monastic institution set among the Songshan Mountains is also recognised as the cradle of Shaolin kung fu.
Shaolin monks practise martial arts at the temple’s Pagoda Forest. Photo: Xinhua
Shaolin monks practise martial arts at the temple’s Pagoda Forest. Photo: Xinhua

Shi, 60, is one of China’s most well-known monks and became head of the Shaolin Temple in 1999. The MBA degree-holder earned the nickname of “CEO monk” because of his excessive commercialisation of the temple’s heritage and influence.

Source link

Visited 1 times, 1 visit(s) today

Related Article

M&A News: China Crisis Eases for BlackRock as $22.8B Panama Ports Deal Moves Closer

M&A News: China Crisis Eases for BlackRock as $22.8B Panama Ports Deal Moves Closer

Hong Kong conglomerate CK Hutchison has bowed to political pressure from the Chinese government to keep its $22.8 billion Panama Ports deal with U.S. asset manager BlackRock (BLK) on track. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you

A group of workers in a workshop, wearing masks and gloves, are focused on assembling electronic components or circuit boards, with tools and equipment visible in the background.

The U.S.-China trade war supercharged Vietnam’s chip industry

U.S. President Donald Trump’s onslaught of tariffs has given Vietnam an opportunity to stake its claim in the global semiconductor chip race. Vietnamese companies that manufacture chip components — such as circuit boards and wafers — have had a surge in demand as clients place orders before the tariffs kick in and Washington steps up

China issues Autonomous driving guidelines

China issues Autonomous driving guidelines

China issues Autonomous driving guidelines By Teresa Moss on July 28, 2025International | Technology China has issued ethical guidelines for autonomous driving technology, including bans on false information in research results, according to Reuters.  The nation’s Ministry of Science and Technology published the guidelines, which state that algorithms and models related to autonomous driving technology

Shaolin Temple abbot Shi Yongxin attends a meeting of the National People's Congress at the Great Hall of the People on March 8, 2008 in Beijing, China.

Money, sex and a Buddhist monk: Head of China’s famed Shaolin Temple under investigation

Facebook Tweet Email Link Hong Kong  —  China’s famed Shaolin Temple announced on Sunday that its abbot is under investigation for suspected embezzlement and “improper relationships” with women, reviving decade-old allegations against the controversial, high-profile monk. Shi Yongxin, known as “CEO monk” for his entrepreneurial endeavors that transformed the Buddhist monastery into a commercial empire,

US and China to talk in Stockholm on trade - News Today

US and China to talk in Stockholm on trade – News Today

Washington, July 28: When top US and Chinese officials meet in Stockholm, they are almost certain to agree to at least leaving tariffs at the current levels while working toward a meeting between their presidents later this year for a more lasting trade deal between the world’s two largest economies, analysts say. Treasury Secretary Scott

Bitcoin Surges 1% to $119700 as U.S.-China Tariff Talks Spur $3.94T Market Cap

Bitcoin Surges 1% to $119700 as U.S.-China Tariff Talks Spur $3.94T Market Cap

Bitcoin surged to $119,700 on July 2, 2025, marking a 1% increase over 24 hours and pushing the global cryptocurrency market cap closer to $4 trillion, according to CoinMarketCap[1]. The rally coincided with renewed U.S.-China tariff negotiations, which traders interpreted as a sign of potential trade tension easing. Reports suggested both nations may extend their

Several US executives to visit China this week: sources — TradingView News

Several US executives to visit China this week: sources — TradingView News

A high-level delegation of American executives will travel to China this week to meet senior Chinese officials in a trip organised by the U.S.-China Business Council (USCBC), two sources with knowledge of the visit told Reuters on Monday. The visit coincides with the latest round of U.S.‑China trade negotiations in Sweden, where China’s Vice Premier