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Leaked Probe Alleges Schwab Manipulated Competitiveness Report and Misused Funds

Preliminary findings claim rigged rankings accompanied by expense irregularities alongside inappropriate staff communications prior to a final investigation report in August.

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Overview

  • Preliminary leaks from SonntagsZeitung, POLITICO and The Telegraph indicate Klaus Schwab intervened in the Global Competitiveness Report to influence UK and India rankings for political ends
  • The internal probe has flagged nearly 900,000 Swiss francs in expenses submitted by Schwab and his wife with unclear links to WEF activities
  • Investigators report that Schwab sent lewd or suggestive emails to younger WEF employees, raising concerns over workplace conduct
  • Schwab, who resigned as WEF chairman in late April, denies the allegations and has filed criminal complaints against the whistleblowers
  • The World Economic Forum awaits its independent investigation’s final report in August as questions persist over its research integrity and leadership accountability