The Venerable Ming Yi has been relieved from his duties as the Foo Hai Chan Monastery's charity trustee and president.
The Straits Times reported that the 48-year-old monk will remain the Geylang temple's religious leader but with limited roles to religious duties.
An earlier news report on AsiaOne this week said news of a panel to judge the Venerable Ming Yi had been met with split views by the Buddhist community.
Some had questioned the Singapore Buddhist Federation's decision to form a committee to judge the Venerable Ming Yi.
The call for the panel came after the monk's temple threw an alleged $200,000 dinner in his honour at Pan Pacific Hotel on Nov 21.
Others noted that he had not apologised to the Buddhist community for his crimes.
Venerable Ming Yi was convicted for crimes related to falsifying accounts and misappropriating funds during his time as chief executive of Ren Ci Hospital in October last year.
He served about four months when he went to jail in May this year.
The Venerable Ming Yi had become to abbot of the Foo Hai Chan Monastery in 1992.
He was suspended from his executive roles by the Commissioner of Charities (COC) in 2008, when he was charged by the Commercial Affairs Department.
Anyone convicted of offences involving dishonesty or deception is automatically disqualified from being a charity trustee.
He is also not allowed to be a charity trustee or manage any charities in the future, the COC said.
If Venerable Ming Yi continues to hold administrative powers within the temple, a registered charity, he may be fined up to $5,000 or jailed for a year, or both.
With his removal from such duties, he will not have access to funds or be in charge of fund-raising.
all religions can make money in singapore , because most singaporean are stupid to use their brain , they just worship blindly . 
