WEF founder Klaus Schwab information felony criticism towards whistleblowers, FT reviews

World Financial Discussion board founder Klaus Schwab. File
| Picture Credit score: Reuters

World Financial Discussion board (WEF) founder Klaus Schwab has filed a felony criticism towards the whistleblowers who had anonymously alleged misconduct by him, the Monetary Instances reported on Thursday (Might 29, 2025), citing an interview with Mr. Schwab.

The Discussion board had launched an investigation in April into Mr. Schwab following a whistleblower letter alleging misconduct by him, solely a day after the 87-year-old Mr. Schwab stated he was resigning as chairman with out stating a purpose. Mr. Schwab advised the FT that he would battle the “silly and constructed” allegations, including that his legal professionals had filed a criticism for defamation and coercion with the general public prosecutor in Geneva.

WEF, whose annual gathering of enterprise and political leaders within the Swiss mountain resort of Davos has change into an emblem of globalisation, didn’t instantly reply to a Reuters request for remark. Mr. Schwab couldn’t be instantly reached. There was no speedy response from the Geneva prosecutor’s workplace.

The FT report stated the WEF had declined to touch upon Mr. Schwab’s authorized motion, saying it was “a matter apparently directed privately towards unknown whistleblowers”.

“We can have this public prosecutor investigation now, we do not understand how aggressive they are going to be,” Mr. Schwab stated. “In the event that they discover a systemic try and undermine my status, this gained’t be comfy for the board.”

The Wall Road Journal, which first reported the probe in April, had stated the nameless letter raised issues about WEF’s governance and office tradition, together with allegations that the Schwab household blended their private affairs with the Discussion board’s sources with out correct oversight. The Schwab household denied all of the allegations within the whistleblower criticism to the Journal. Mr. Schwab additionally denied all allegations towards him to the Monetary Instances. The Discussion board has beforehand acknowledged that it could watch for the end result of the investigation to remark additional.