White Horse Temple abbot Shi Yinle will replace Shaolin Temple head who is under investigation for alleged financial and sex scandals

China has appointed a new abbot to the country’s famous Shaolin Temple, two days after authorities at the Buddhist monastery announced its head monk for more than 25 years had been placed under investigation for alleged financial and sex scandals.

The abbot of White Horse Temple, Shi Yinle, will replace him, according to a brief statement from the Shaolin Temple on Tuesday.

Companies linked to disgraced former abbot Shi Yongxin, 60, have been deregistered and his Buddhist credentials revoked, the South China Morning Post reported earlier.

“In accordance with the regulations on the appointment of abbots of Chinese Buddhist Temples, after democratic evaluation and approval by the Shaolin Temple and following the relevant procedures, Venerable Yinle was invited to be the abbot of Shaolin Temple,” the one paragraph statement said.