The Club was exposed by an undercover reporter.
The Presidents Club in London has said it will close after a series of accusations of sexual misconduct were alleged during an all-men charity dinner.
The dinner was exposed by
undercover reporter, Madison Marriage of the Financial Times who said she witnessed sexually inappropriate behaviour and abusive language at the annual President's Club charity dinner in London's Dorchester Hotel on the night of 18 January.
It was reported that senior businessmen were groping and propositioning female hostesses who were instructed to wear "BLACK sexy shoes" and black underwear, and to generally present themselves as if going to a "smart sexy place".
An auction was also carried out on the night, which included lots such as a free lapdance in a Soho club and plastic surgery "to take years off your life or add spice to your wife."
"Groping and similar abuse was seen across many of the tables in the room," the report alleges.
"Hostesses reported men repeatedly putting hands up their skirts; one said an attendee had exposed his penis to her during the evening."
The dinner was attended by approximately 360 men and was hosted by comedian, actor and children's author David Walliams.
In a statement, a spokesperson for the Club said:
"The trustees have decided that the Presidents Club will not host any further fundraising events. Remaining funds will be distributed in an effective manner to children's charities and it will then be closed."
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