The World Economic Forum says its board has given unanimous support for an independent investigation into allegations of misconduct by founder Klaus Schwab.

One of the biggest names in international finance is under investigation by the organization he founded. Klaus Schwab, the controversial creator of the World Economic Forum, was accused in a whistleblowers' letter of abusing his position with the forum to use forum funds for his personal expenses,

The World Economic Forum, which runs an annual gathering of global elites at Davos, Switzerland, has authorized an independent investigation into whistleblower allegations against its recently departed founder and chairman, Klaus Schwab.