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International Business Times

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WEF Confirms Investigation Into Claims Against Founder Schwab

Klaus Schwab WEF Forum the World Economic Forum Hilde WSJ

Klaus Schwab was the driving force behind the World Economic Forum becoming an annual gathering of the world's rich and powerful (Credit: AFP)

The World Economic Forum confirmed Wednesday that it has launched an investigation into allegations made against its founder Klaus Schwab that reportedly prompting his resignation this week.

In a statement confirming a report by the Wall Street Journal, the WEF said its board of trustees "unanimously supported the Audit and Risk Committee's decision to initiate an independent investigation following a whistleblower letter containing allegations against former Chairman Klaus Schwab".

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