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,

White Horse Temple abbot Shi Yinle will replace Shaolin head who is under investigation for alleged financial and sexual misconduct.

Shi Yongxin, who has been dubbed the "CEO monk" after turning the temple into a sprawling business, is now accused of violating "Buddhist precepts."