Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Monthly inflows in debt mutual funds reach an all-time high in April – Mutual Funds News
    • FCMB Asset Management rebrands Mutual Funds, cuts Investment entry thresholds – P.M. News
    • FCMB asset management Ltd secures SEC approval for change of mutual funds name
    • Mutual fund AUM jumps 11% to ₹81.9 lakh crore in April; equity inflows dip 5%, debt funds rebound
    • UK government borrowing costs rise as Starmer ‘fails to reassure bond markets’ – as it happened | Business
    • A beginner’s guide to SIP and how to use an SIP calculator- The Week
    • Flexi cap funds top investor pick again! Category gets Rs 10,148 crore in April despite 5% drop in overall equity mutual fund inflows – Money News
    • Majority closed-end mutual funds face liquidation or conversion risk under new BSEC rules
    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

    Flexi cap funds top investor pick again! Category gets Rs 10,148 crore in April despite 5% drop in overall equity mutual fund inflows – Money News

    May 11, 2026

    Govt revises BOT guidelines, allows big funds to bid for highway projects

    May 11, 2026

    Gov’t eyes pension funds for reconstruction, but not by force

    May 9, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    We’re financial experts and here is where we’d invest now: Shares vs cash, gold and property

    August 22, 2023

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Monthly inflows in debt mutual funds reach an all-time high in April – Mutual Funds News

    May 11, 2026

    Association of mutual Fund in India (Amfi) shared that mutual funds recorded net monthly inflows…

    FCMB Asset Management rebrands Mutual Funds, cuts Investment entry thresholds – P.M. News

    May 11, 2026

    FCMB asset management Ltd secures SEC approval for change of mutual funds name

    May 11, 2026

    Mutual fund AUM jumps 11% to ₹81.9 lakh crore in April; equity inflows dip 5%, debt funds rebound

    May 11, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Is crowdfunding for real estate legal in Canada?

    October 23, 2024

    Mutual funds’ cash holding fell in Sep amid decline in inflows

    October 17, 2025

    Egypt seeks $3.5bln in industrial investments for 2025

    February 20, 2025
    Our Picks

    Monthly inflows in debt mutual funds reach an all-time high in April – Mutual Funds News

    May 11, 2026

    FCMB Asset Management rebrands Mutual Funds, cuts Investment entry thresholds – P.M. News

    May 11, 2026

    FCMB asset management Ltd secures SEC approval for change of mutual funds name

    May 11, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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