http://www.bbc.co.uk/news/world-south-asia-12321204
The Karmapa Lama is the third most important figure in Tibetan Buddhism
Police in India have questioned the Karmapa Lama after a large amount of foreign currency was recovered at his monastery in Dharamsala town.
Investigations are on to determine whether the nearly $1.6m in over two dozen currencies constituted a violation of the country's foreign exchange rules.
The Karmapa's aides say the money came from donations to the monastery.
Two people have been held in connection with the incident.
The 25-year-old exiled monk, Ogyen Trinley Dorje, is tipped as a possible compromise candidate to succeed the ageing Dalai Lama.
He fled Tibet in 1999 and arrived in Dharamsala in India, the seat of the Tibetan government-in-exile.
The Dalai Lama said there should be a "thorough investigation" into the matter.
"Karmapa has many devotees including from China. Some money would have naturally been received by him. There has been some negligence. Better now have a thorough investigation," the Dalai Lama was quoted as saying by the Press Trust of India news agency.
The police said that the "unaccounted" money recovered from the monastery offices included Chinese yuan.
Reports said the Karmapa had told the investigating agencies that he had received the money in donations from followers and that it was being used to purchase land for a monastery.
Dharamsala police officer KG Kapoor told the AFP news agency that the Karmapa "told us that he was not involved in any matters involving book-keeping or accounts".
The police have arrested two people, including a Dharmasala-based hotelier and a bank manager, in connection with the incident.