MONTREAL - The founder of Just For Laughs is selling all his shares in the hugely successful comedy festival amid allegations he sexually harassed or sexually assaulted 10 women.

Just For Laughs spokesman Jean-David Pelletier said today Gilbert Rozon has let it be known he will get rid of everything he owns in the venture.

Pelletier had no other details such as the volume of shares, when they will be sold or if a buyer has already been found.

Rozon, 62, founded Just For Laughs in 1983 and was serving as president when he resigned earlier this week as news of the allegations surfaced.

Le Devoir and Montreal radio station 98.5 FM published allegations from nine women, including some well-known Quebec entertainment personalities such as actress Salome Corbo and TV host Penelope McQuade.

A 10th woman has since accused Rozon of similar conduct.