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WEF Confirms Investigation Into Claims Against Founder

Mint Mumbai

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April 24, 2025

No explanation was initially provided for Klaus Schwab's sudden resignation Monday

- AFP

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

In a statement confirming a report by The Wall Street Journal, the World Economic Forum 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".

Schwab denies the claims, the paper added.

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