One of the most famous Buddhist monks in the world has been stripped of his clerical license and removed from leadership at his historic temple over alleged abuse of power. The Buddhist Association of China announced on Monday that Shi Yongxin,

The abbot of China's famed 1,500-year-old Shaolin Temple is under criminal investigation for alleged embezzlement, "improper relationships" with women and fathering illegitimate children, religious authorities said.

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