Research into WEF founder Klaus Schwab for financial misconduct

The World Economic Forum (WEF) is conducting an independent investigation into founder Klaus Schwab and his wife Hilde because of alleged financial misconduct. The organization confirms this in a statement after reporting from the American business newspaper The Wall Street Journal.

The WEF is best known for the meeting of the same name in the Swiss city of Davos. Every year leaders from politics, financial sector and business world meet. Schwab, now 87, founded the WEF in 1971 and was the face of the organization for more than fifty years. After he presented a plan for the Post-Covid era in 2020 entitled The Great Reset, the German became it target From all kinds of conspiracy theories.

The investigation follows an anonymous letter from a group of whistleblowers; The Wall Street Journal says it has a copy of the letter. According to the newspaper accuse The whistleblowers Schwab, among other things, used money from the organization to pay for private massages in hotels. He would also have made employees pin thousands of dollars for him.

Fake appointments

His wife Hilde, who also worked for the WEF, would have planned fake appointments around the world so that she could book luxury travel and stay at the expense of the Wef.

The authors of the letter would have also expressed their concerns about Schwabs treatment of female employees. Under his leadership, sexual cross -border behavior and discrimination could have continued for decades, WSJ writes.

In 2024 report The newspaper also about the complaints of cross -border behavior at the WEF. In May that year stopped Schwab as chairman of the board, but he remained involved as chairman of the Supervisory Board. Originally he would play that role until 2027, but on Monday he suddenly announced that he would stop immediately.

Not yet proven

In the statement, the WEF now writes that the other supervisors have « unanimously » supported the decision to investigate Schwab. The WEF’s supervisory board includes chairman of the Ajay Banga World Bank, former American vice president Al Gore, Blackrock director Laurence Fink and chairman of the European Central Bank Christine Lagarde.

« Although the forum takes these accusations seriously, it emphasizes that they have not yet been proven, and it will wait for the outcome of the investigation before further comments are given, » said the statement. Opposite Wsj, Schwab denies the allegations through a spokesperson and threatens to step against those who accuse him.

Schwab himself says that he resigns to spend more time with his family. His role as chairman of the Supervisory Board is temporarily observed by former Nestle CEO Peter Brabeck-Letathe.

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