Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Senegal’s Premier Applauds Türkiye’s Investments
    • Five Possible Reasons Behind BlackRock’s Hesitation to File for One
    • Alan Turing Institute accused of ‘mismanagement of public funds’
    • Why BlackRock Might be Reluctant to Pursue a U.S.-Listed Spot XRP ETF
    • ASX slides on banks; Iress soars 11pc on Blackstone interest
    • Why I Sold 6 Rental Properties and Moved Everything to Index Funds
    • 2 Dividend ETFs to Buy With $1,000 and Hold Forever
    • Rachel Reeves tipped to target pensions, property and investments in bid to plug £50bn fiscal gap
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Shaolin Temple says abbot facing investigation
    Funds

    Shaolin Temple says abbot facing investigation

    July 27, 2025


    BEIJING (AP) — China’s famous Shaolin Temple announced on Sunday that its abbot is under investigation on suspicion of misappropriation and embezzlement of project funds and temple assets.

    Shi Yongxin is alleged to have committed criminal offenses and violated Buddhist precepts by maintaining relationships with multiple women over a long period and fathering at least one child, according to a notice from the temple’s authority on its WeChat account.

    The notice said a joint investigation was being carried out by multiple departments and its findings would be announced in due course.

    The fame of the Shaolin Temple, based in the central Chinese province of Henan, has gone beyond a religious institution. It is also renowned for its martial arts culture, or kung fu, which has been referenced in many movies and TV dramas, including the 1982 film “The Shaolin Temple,” starring martial arts superstar Jet Li.

    Local media reported that Shi Yongxin, whose original name is Liu Yingcheng, had faced accusations in the past, including claims that he fathered several children and embezzled money. Provincial investigation reports exonerated him of all charges in 2016, according to the Caixin Global news outlet.

    Shi Yongxin entered the Shaolin Temple in 1981 and became its abbot in 1999, according to the temple’s website.

    China’s state news agency Xinhua reported in 2015 that he was known as a “CEO monk,” attracting criticism for developing commercial operations to promote kung fu shows and merchandise.

    Earlier on Sunday, Chinese local media outlets reported that authorities had dismissed as fake an online notice claiming Shi Yongxin was intercepted by authorities while trying to flee to the U.S. with a number of mistresses and some 20 children.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Alan Turing Institute accused of ‘mismanagement of public funds’

    August 10, 2025

    ASX slides on banks; Iress soars 11pc on Blackstone interest

    August 10, 2025

    Why I Sold 6 Rental Properties and Moved Everything to Index Funds

    August 10, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Senegal’s Premier Applauds Türkiye’s Investments

    August 10, 2025

    Qu’est-ce qu’un green bond ?

    December 7, 2017

    les cat’ bonds deviennent incontournables

    September 5, 2018

    ETF : définition et intérêt des trackers

    May 15, 2019
    Don't Miss
    Investments

    Senegal’s Premier Applauds Türkiye’s Investments

    August 10, 2025

    (MENAFN) Senegal’s prime minister on Saturday commended Türkiye’s substantial investments in his nation but emphasized…

    Five Possible Reasons Behind BlackRock’s Hesitation to File for One

    August 10, 2025

    Alan Turing Institute accused of ‘mismanagement of public funds’

    August 10, 2025

    Why BlackRock Might be Reluctant to Pursue a U.S.-Listed Spot XRP ETF

    August 10, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Ledger Investing launches new ILS subsidiaries, Fermat to manage casualty ILS funds

    August 6, 2024

    Downtown Wilmington building projects included in Delaware bond bill

    July 12, 2024

    Le tribunal approuve l’acquisition de Highcroft Investments par LondonMetric Property

    May 20, 2025
    Our Picks

    Senegal’s Premier Applauds Türkiye’s Investments

    August 10, 2025

    Five Possible Reasons Behind BlackRock’s Hesitation to File for One

    August 10, 2025

    Alan Turing Institute accused of ‘mismanagement of public funds’

    August 10, 2025
    Most Popular

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.