Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed recent media coverage of investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA), which began in 2019 involving over 100 individuals, including current CEO Harald Neumann. Ainsworth clarified its awareness of these investigations and its communication with gaming regulators, ensuring transparency about the evolving situation.
Key Points
- Ainsworth is aware of WKStA’s investigations since August 2019 and has updated regulators accordingly.
- No ASX announcement was deemed necessary as the allegations lacked sufficient evidence at the time.
- The investigations started before Neumann’s appointment as CEO in October 2021.
- Legal assessments concluded Neumann’s regulatory suitability for the CEO role, with approvals from multiple jurisdictions.
- Most investigations have been discontinued, with one remaining case under review, suggesting no wrongdoing found thus far.
Why should I read this?
For those in the gaming industry or closely watching corporate governance issues, this update from Ainsworth sheds light on ongoing accountability measures. It’s a concise peek into how companies manage investigations and navigate media scrutiny, and it could be particularly relevant for stakeholders concerned about leadership integrity.