Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has issued a statement regarding ongoing media interest in historical investigations linked to their CEO, Harald Neumann. These investigations began in 2019 by the Austrian Economic and Corruption Prosecutor’s Office (WKStA), involving numerous individuals connected to the company.
In August 2019, Ainsworth became aware of these investigations and promptly informed gaming regulators of the situation. As Mr. Neumann was a non-executive director during the initial investigations, the company has maintained communication with relevant authorities.
Ainsworth clarified that after seeking legal counsel, they deemed a market announcement unnecessary at the time due to the investigations being at an early stage without solid evidence to support claims. Periodic updates have continued to be provided to illustrate the compliance measures in place.
The investigations, which commenced before Mr. Neumann took up the CEO role in October 2021, have seen most cases against him being dismissed. Current updates indicate that only one investigation remains ongoing, with no accusations of wrongdoing made against him or Novomatic AG.
Key Points
- Ainsworth has acknowledged recent media coverage regarding investigations involving CEO Harald Neumann.
- The Austrian Economic and Corruption Prosecutor’s Office initiated these investigations in 2019, affecting numerous individuals.
- Mr. Neumann was a non-executive director at Ainsworth when the investigations began.
- Ainsworth has been in compliance with regulatory obligations, continuously updating authorities on the matter.
- Most investigations involving Mr. Neumann have been discontinued, with one pending further review.
Why should I read this?
If you’re involved in the gaming industry or simply interested in corporate leadership dynamics, this article digs into a significant topic that may affect company reputation and leadership accountability. It is crucial to stay abreast of such investigations as they can influence public perception and investor confidence.
Source: Ainsworth comments on historical investigations into CEO Harald Neumann