Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has reacted to recent media reports concerning the 2019 investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) involving over 100 individuals, including CEO Harald Neumann. Ainsworth first acknowledged the investigations in August 2019, ensuring gaming regulators were informed. The investigations, critical to Ainsworth’s compliance protocols, have largely been discontinued, with Mr Neumann found suitable for his role as CEO following a probity investigation.
Key Points
- Ainsworth became aware of WKStA investigations in August 2019, communicating this to regulators.
- Mr. Neumann was a non-executive director at the time the investigations commenced.
- Periodic updates on the investigations have been provided as per compliance obligations.
- The Ainsworth Board, after legal advice, concluded no ASX announcement was necessary.
- Most investigations have been closed without findings of wrongdoing.
- Only one investigation remains, pending finalisation by WKStA.
Why should I read this?
If you’re interested in corporate governance and compliance, this article sheds light on how Ainsworth navigates serious allegations while upholding transparency with regulators. It’s a must-read for anyone following corporate leaders like Harald Neumann and the implications of legal scrutiny.