- there is no Singapore law forbiding monks owning
- property.
- but a Buddhist monk took an oath before he
- is ordained. this oath contain amongst other things
- a renauncement of materialistic acquisition. he has
- broken his oath.
Yes. It was reported that the monk (an abbot) own
properties in Singapore and overseas...own a
luxury car in Singapore...
Yes. In certain countries monks as individuals are not
supposed to own property...This rule don't apply to
the Abbot who hold the cash... or own properties on
behalf of the temple.
However, in modern society, the temple no longer keep
their money in cash under the pillion of the abbots. When
they have millions of dollars...the temple invest their
money in properties and other securities...the most sensible
way to manage money.
Such investments are normally registered under the
name of the abbot...who before he pass away, ..
he hand over the property to the next abbot-to-be
(or most senior monk)...
Such property are NEVER handed over to the children
of the Monk as they have NO children.
Cars and other assets are treated in the same manner.
This is why the monk who were charged in court
own properties.
The Buddhist council of the Buddhist organisation
allow him to own the property on behalf of the Buddhist
organisation...under his name.
If he had stolen the money, or stolen the property, they
would have dis-robed him....long ago.
This practice is not illegal in Singapore.
If the 2 IR casinos face lack of gamblers....they should do some road
shows in various buddhist temples......cos, alot of money been kept
there.......LOL......LOL......before the gov or temasek grab them to
throw away at oversea investment......LOL
At one time Loyang Temple reported that they usually collect average
$10,000 cash (donation) from their followers