Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has issued a statement acknowledging media reports regarding investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) initiated in 2019. The investigations involved over 100 individuals including CEO Harald Neumann and Novomatic AG. Ainsworth learned about these investigations in August 2019 and ensured gaming regulators were informed. Despite ongoing scrutiny, Ainsworth has maintained that the investigations do not warrant a public announcement since there was no concrete evidence of wrongdoing.
Key Points
- The investigations involve more than 100 individuals, including Harald Neumann, since 2019.
- Ainsworth has kept regulators updated about the investigations since their inception.
- Legal advice indicated that no announcement was necessary due to the lack of definitive evidence.
- The Regulatory Compliance Committee regularly reviews the matter and receives updates from legal representatives.
- Most investigations against Neumann have been discontinued, with one remaining under consideration.
Why should I read this?
If you’re in the gaming business or just curious about corporate governance, this article is right up your alley! It sheds light on how Ainsworth is navigating through serious allegations involving its CEO. Understanding how companies handle legal scrutiny can provide valuable lessons on transparency and corporate responsibility. Plus, staying informed about industry leadership can be crucial for making savvy business decisions in the gaming sector.