Ming Yi guilty of misappropriating funds
Wednesday, 7th October 2009
Ven. Ming Yi, a Buddhist monk and the founder and former chief executive of Ren Ci Hospital, was convicted by a district court of four counts of fraud, falsification of accounts, misappropriating funds and giving false information to the Commissioner of Charities. He was sentenced for 10 months in jail.
During the investigation, everything was revealed even unrelated facts that he owned a horse, gambled, stayed in condominiums, had expensive luxury cars and a "toy boy". All was revealed and his case involved not only defending the financial fraud, but his credibility and claims of innocence all but destroyed by his extravagant lifestyle for a charity head using public funds.