The accusations reportedly led Klaus Schwab to resign as chairman of the World Economic Forum (WEF), a non-profit famous for its yearly meeting of global elites in Davos, Switzerland, after over 50 years in charge.
In April, the WEF acknowledged the whistleblower letter, as reported by the Wall Street Journal, and announced an internal investigation, emphasizing that the misconduct claims “remain unproven.”
Schwab has rejected the allegations and initiated a criminal complaint against the whistleblowers. The WEF did not provide a comment to POLITICO.
According to SonntagsZeitung, early findings of the investigation suggest Schwab’s alleged misconduct could include interfering with the Global Competitiveness Report—a discontinued annual publication that evaluated and ranked countries based on economic competitiveness, which was halted during the COVID-19 pandemic.
Documents referenced by SonntagsZeitung allege Schwab repeatedly intervened to modify or suppress negative rankings for specific countries, notably in the Middle East, North Africa, and India, supposedly to maintain diplomatic relations or avoid political issues. In one case, Schwab allegedly suggested withholding an unfavorable report following a conversation with a government official, as reported by the newspaper.
The investigation also reportedly involves up to 900,000 Swiss francs in expenses claimed by Schwab and his wife, Hilde.












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