Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has expressed its awareness of ongoing investigations that date back to 2019 involving CEO Harald Neumann and Novomatic AG. Recent media coverage highlighted that these inquiries, run by Austria’s Economic and Corruption Prosecutor’s Office, have included over 100 individuals.
Ainsworth indicated that they were informed about these investigations in August 2019 and have kept gaming regulators updated as per compliance requirements. They clarified that investigations against Neumann commenced before his appointment as CEO in October 2021 and reiterated the absence of any wrongdoing in most of the cases.
Key Points
- Ainsworth acknowledged media reports regarding investigations initiated in 2019 involving CEO Harald Neumann.
- The investigations were conducted by the Austrian Economic and Corruption Prosecutor’s Office.
- Updates have been provided to regulators, ensuring transparency in line with compliance obligations.
- Neumann was a non-executive director when the investigations began, and subsequent inquiries found no wrongdoing in most cases.
- Ainsworth Board monitored the investigations and confirmed that Neumann is suitable for his role as CEO.
Why should I read this?
If you’re involved in the gaming industry or just interested in corporate governance, this article is a must-read. The recent comments from Ainsworth shed light on the complex web of regulatory scrutiny surrounding key figures in the industry, making it a great snippet of insight into how businesses navigate challenges while ensuring compliance!