Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has acknowledged recent media coverage regarding investigations initiated in 2019 by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) into over 100 individuals, including their CEO Harald Neumann. The company has kept gaming regulators informed throughout the process and stated that the investigations were preliminary without substantial evidence. Ainsworth confirmed that almost all investigations involving Mr Neumann have been discontinued, with no findings of wrongdoing.
Key Points
- Ainsworth has been in compliance with all gaming regulatory requirements regarding the WKStA investigations involving CEO Harald Neumann since 2019.
- The company provided periodic updates to regulators and determined no public market announcement was needed due to lack of definite allegations.
- Mr Neumann was found suitable to be CEO after a probity investigation, being licensed in over 100 jurisdictions.
- All but one investigation have been closed with no findings of wrongdoing.
- The remaining investigation is expected to conclude soon, with a proposal for closure pending approval from Austrian regulatory authorities.
Why should I read this?
If you’re following the corporate governance scene in the gaming industry, this piece is essential reading! It highlights how Ainsworth is handling significant allegations against its CEO, making it a must-know for anyone interested in the intersection of business and regulatory compliance.