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SINGAPORE : The former CEO of Ren Ci Hospital, Ming Yi, was released from prison on Thursday and is now on home detention.
Under the home detention scheme, Ming Yi will be tagged with an electronic monitoring device and will only be able to leave the house at fixed times.
Ming Yi was jailed for his role in an unauthorised S$50,000 loan to his former personal assistant, Raymond Yeung.
The 48-year-old monk was initially sentenced to 10 months' jail, but this was cut to six following a successful appeal in May this year.
The monk's death-defying stunts to raise money for the hospital had earned him a shorter sentence.
He has served four months and was given a one-third remission for good behaviour.
Ming Yi and 35-year-old Yeung were convicted in a district court last October.
The pair were involved in an unauthorised loan of S$50,000 made in May 2004 to the Mandala Buddhist Cultural Centre, a religious artefact shop formerly managed by Yeung.
They were also found guilty of giving false information to the Commissioner of Charities.
Responding to queries from Channel NewsAsia, Ren Ci said there are no plans for the monk to rejoin them. - CNA/ms
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