Thailand’s Buddhist monks are under investigation following complaints sparked by a video showing some flying on a private jet

Jet-set monks warned after video exposes lavish lifestyle

Monday, June 17, 2013 – 12:26 PM

zzzjetsetmonks_large

Thailand’s Buddhist monks are under investigation following complaints sparked by a video showing some flying on a private jet. The YouTube video showed one of the monks was wearing stylish aviator sunglasses, carrying a luxury brand travel bag and sporting a pair of modern-looking wireless headphones. It attracted criticism from Buddhists nationwide. Office of National Buddhism director-general Nopparat Benjawatananun said that the agency saw the video and had warned the monks from a monastery in Thailand’s north-east not to repeat the lavish behaviour. It plans to monitor monks nationwide. With the world’s largest Buddhist population, Thailand has attempted to help Buddha’s 2,600-year-old doctrine stand the test of time through a variety of means, including imposing a ban on the sale of alcohol on religious holidays. The efforts, however, are sometimes tainted by the monks themselves. Last year, about 300 out of 61,416 Buddhist monks and novices in Thailand were reprimanded – in several cases removed from the monkhood – because of their misconduct, ranging from alcohol consumption, having sex with women, to extortion. The office also received complaints about monks driving cars, and scams and false claims of black magic uses by monks. Mr Nopparat said the Buddhist monks in the video were acting “inappropriately, not composed and not adhering to Buddha’s teachings of simplicity and self-restraint.” Monruedee Bantoengsuk, an administrative officer at Khantitham Temple in Sisaket province, confirmed that the monks on the private plane lived at the temple but refused to give details about the trip. “We can explain this, but not now,” she said, saying that the abbot, who appeared in the video, is currently on a religious tour in France. The images from the video contrasted with the abbot’s message on the temple’s homepage that read: “The true core of those who preach Buddha’s teachings is to not to own any objects at all.” “When Lord Buddha was alive, there wasn’t anything like this. There were no cars, smart phones or cameras, so the rules were much simpler,” said Mr Nopparat. “While the monks need to keep themselves abreast of new knowledge, current events and technology, they are restrained to choose the appropriate tools.” He said one way to prevent the monks from misbehaving is for followers not to spoil them with valuable objects or vices. “In many cases, it was the followers who gave the monks the luxury. Some bought them sports cars. This is by no means necessary.”

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

Leave a comment