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International Business Times

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Davos Founder Schwab Cleared Of Misconduct By WEF Probe

Klaus Schwab WEF Forum Davos World Economic Forum United States

Schwab had denied all the accusations against him (Credit: AFP)

An investigation conducted by the World Economic Forum's board on Friday cleared the body's founder Klaus Schwab and his wife of wrongdoing, after a probe into whistleblower complaints.

"Following a thorough review of all facts, the Board has concluded that ... there is no evidence of material wrongdoing by Klaus Schwab," the board announced.

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