WeWork confirms enquiry from New York State attorney general

WeWork is reportedly being investigated by the New York State attorney general.

The attorney general is looking into whether WeWork founder and former chief executive Adam Neumann engaged in self-dealing, according to Reuters.

A WeWork spokesperson said: “We received an enquiry from the office of the New York State attorney general and are co-operating in the matter.”

Neumann owns some buildings leased to WeWork, which could create a conflict of interest given that if those buildings were to raise their rents, Neumann could stand to benefit.

The news comes after WeWork pulled the plug