Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has released a statement in response to media coverage regarding ongoing investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA). The inquiries have included their CEO Harald Neumann and the company’s controlling shareholder, Novomatic AG, and date back to investigations commenced in 2019.
Ainsworth first became aware of these investigations back in August 2019 and has kept communication open with gaming regulators to ensure they are informed. They noted that at the time of the investigations, Mr Neumann was a non-executive director.
According to Ainsworth’s statement, they believe that the ongoing speculation does not warrant immediate public disclosures due to insufficient evidence from WKStA. They assured that they would continue to monitor the situation and comply with regulatory obligations.
Importantly, most investigations involving Mr. Neumann and Novomatic AG have been discontinued, leaving only one which is nearing its conclusion with no indications of wrongdoing found thus far.
Key Points
- Ainsworth acknowledges media reports about historic investigations involving CEO Harald Neumann and Novomatic AG.
- The investigations began in 2019 and focused on over 100 individuals, including Neumann, who was a non-executive director at that time.
- Regular updates have been communicated to gaming regulators in accordance with compliance procedures.
- As of now, all but one investigation has been closed, with no findings of wrongdoing against Neumann or Novomatic AG.
- Neumann’s regulatory suitability was confirmed prior to his appointment as CEO in October 2021.
Why should I read this?
If you’re in the gaming industry or just interested in corporate governance, you’ll want to stay on top of news like this! Ainsworth’s transparency regarding investigations into their CEO could affect not just their reputation but possibly the wider industry as well. Don’t miss out on this vital information that encapsulates corporate integrity and regulatory accountability!