Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has acknowledged recent media articles regarding ongoing investigations by the Austrian Economic and Corruption Prosecutor’s Office (WKStA). The investigations involve over 100 individuals, including Ainsworth CEO Harald Neumann and the company’s principal shareholder, Novomatic AG. Ainsworth first learned of these investigations in August 2019, ensuring all gaming regulators were informed promptly.
The company clarified that the allegations were considered insufficiently definite and lacked factual evidence, hence no announcement was deemed necessary at the time. Neumann, who became CEO in October 2021, was found suitable for his role following thorough probity checks despite the investigations being a matter of public record.
Key Points
- Ainsworth confirms awareness of WKStA investigations since 2019 involving multiple parties including CEO Harald Neumann.
- Board determined no immediate market disclosure was necessary due to lack of evidence supporting allegations.
- Neumann was deemed suitable for his CEO position following compliance investigations.
- Most investigations involving Neumann have been closed with no wrongdoing found.
- Only one investigation remains, expected to be concluded soon with no findings against him.
Why should I read this?
If you’re curious about corporate governance and the implications of legal investigations on business leadership, this article sheds light on Ainsworth’s proactive stance in managing potential reputational issues. It’s a must-read for anyone in the gaming industry or those interested in how companies navigate regulatory challenges.