Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed recent media coverage of ongoing investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) involving over 100 individuals, including their CEO, Harald Neumann, and controlling shareholder Novomatic AG. Ainsworth was informed of these investigations in 2019 and has kept regulatory bodies updated.
The investigations are public knowledge and began before Neumann’s CEO appointment. Ainsworth’s Regulatory Compliance Committee (RCC) oversees the situation, routinely receiving updates.
Currently, most investigations involving Neumann have been discontinued, with no findings of wrongdoing reported. One investigation remains active, with WKStA expected to conclude it soon.
Key Points
- Ainsworth acknowledges media reports on WKStA investigations involving CEO Harald Neumann.
- The investigations date back to 2019, prior to Neumann’s appointment as CEO.
- Most investigations against Neumann have been concluded with no findings.
- Ainsworth maintains communication with gaming regulators regarding the investigations.
- The RCC regularly monitors the situation and has legal advice throughout the process.
Why should I read this?
If you’re in the gaming industry, you might want to pay attention to this article! Ainsworth’s transparency about the ongoing investigations concerning their CEO is significant. It provides insight into how the company manages compliance and regulatory discussions, which is crucial for stakeholders and those interested in corporate governance.