Overview

• A Homburger-led independent inquiry and an internal WEF investigation corroborated that Schwab intervened in the 2017/18 Global Competitiveness Report to suppress the UK’s post-Brexit ranking and protect India’s standing.
• Investigators are reviewing up to 900,000 Swiss francs in expense claims filed by Schwab and his wife Hilde for potential improper billing to the organization.
• Preliminary findings allege Schwab sent lewd emails and made suggestive overtures to younger employees, expanding the probe beyond financial and research misconduct.
• Schwab has denied all allegations and filed criminal complaints against the whistleblowers, contesting the leak of confidential probe documents.
• UK political figures and commentators have seized on the revelations to challenge the WEF’s impartiality and call for heightened transparency in global governance.