Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed recent media articles regarding investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA) into CEO Harald Neumann and over 100 other individuals, which began in 2019. The company has been transparent with gaming regulators about these investigations, noting that updates on the situation have been communicated regularly.
The Ainsworth Board stated that no ASX announcement was necessary as there was insufficient evidence to support the allegations. It also confirmed that Mr Neumann was deemed suitable for his CEO role after a thorough investigation, which revealed no findings of wrongdoing apart from one ongoing investigation, which they expect to conclude soon.
Key Points
- Ainsworth acknowledges WKStA investigations involving over 100 individuals, including Harald Neumann, since 2019.
- The board communicated updates to gaming regulators and monitored the situation through a Regulatory Compliance Committee.
- Mr Neumann was found suitable for the CEO position after a probity investigation.
- All but one investigation against Mr Neumann have been discontinued with no findings of wrongdoing.
- Current information suggests the remaining investigation will be concluded soon.
Why should I read this?
For anyone interested in corporate governance or the gaming industry, this article sheds light on the scrutiny surrounding Ainsworth’s CEO Harald Neumann. It’s an important read if you want to understand how businesses navigate legal complexities while ensuring leadership integrity.