Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has recently acknowledged media articles referencing ongoing investigations initiated in 2019 by the Austrian Economic and Corruption Prosecutor’s Office (WKStA). This investigation concerns over 100 individuals, including Ainsworth’s current CEO, Harald Neumann, and Novomatic AG, which is currently involved in this matter.
Ainsworth first became aware of these investigations in August 2019 and has communicated with gaming regulators regarding the situation since then. They have clarified that the investigations are not a cause for alarm, indicating there are no substantial findings of wrongdoing so far, and most investigations have been discontinued.
Source: Ainsworth comments on historical investigations into CEO Harald Neumann
Key Points
- Ainsworth acknowledges investigations by WKStA into over 100 individuals, including CEO Harald Neumann.
- Investigations were first reported in 2019, with regular updates communicated to gaming regulators.
- No substantial evidence of wrongdoing has been found, and most investigations have been discontinued.
- Harald Neumann has been deemed suitable for his CEO role after a probity investigation.
- Ongoing monitoring of the situation is managed by the Regulatory Compliance Committee at Ainsworth.
Why should I read this?
If you’re interested in corporate governance in the gaming industry, this article offers insight into how Ainsworth is handling significant scrutiny and regulatory investigations. It’s a crucial read for gaining perspective on transparency and compliance practices within this sector, especially regarding high-profile executives like Harald Neumann.
