WEF Spat Heats Up as Founder Klaus Schwab Denies Misconduct

World Economic Forum founder Klaus Schwab denied allegations of misconduct that were reportedly substantiated by a formal investigation and accused the board of trustees of violating an agreement regarding media discretion on the matter.

“I am in a position to refute all the accusations brought up against me,” Schwab said in a statement Sunday, responding to a report in SonntagsZeitung. The Swiss newspaper said preliminary findings by Swiss law firm Homburger support allegations that Schwab manipulated economic reports published by the forum and submitted unjustifiably high expense claims.