The World Economic Forum announced on Tuesday that it has begun research on its founder, Claus Svabafter an anonymous letter denouncing inappropriate behavior by the former president, as reported by the Reuters.

The announcement came a day after 88 -year -old Svab said he was resigning from the post of president, without mentioning the reason. “As I go in my 88th year, I decided to leave the position of Chairman and Member of the Board of Directors, with immediate effect.” Only Claus Svab said.

The World Economic Forum (WEF) “He takes these claims seriously, stresses that they remain unproven and will wait for the outcome of the research to comment further,” reported the forum to a statement sent by email to Reuters.

OR Wall Street Journalreferred to a survey of financial and moral irregularities that conducts the organization itself at the expense of its founder. An anonymous letter sent last week to the WEF Board of Directors raises concerns about the former president’s governing workplace, including claims that the Svab family had mixed her personal affairs with the forums without proper supervision.

Schbab family spokesman denied all allegations in the complaint, adding that Claus Svab aims to file a lawsuit against anyone behind the anonymous letter and ‘Anyone spread these inaccuracies’according to the newspaper.

Him Claus Svab will succeed the Vice President of the Board of Directors and former NESTLé CEO of Peter Brabeck-Leutmate.