"Following a thorough review of all facts, the Board has concluded that … there is no evidence of material wrongdoing by Klaus Schwab," the board announced.

As mentioned in earlier posts, the WEF after an anonymous whistleblower claimed Schwab conspired with USAID to steal tens of millions in funding. Back in April, the WEF said its board unanimously supported the decision to initiate an independent investigation "following a whistleblower letter containing allegations against former Chairman Klaus Schwab. This decision was made after consultation with external legal counsel." The board then sought to repair its relationship with Schwab and restore his dignity, along with the pious name of Davos.