Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has responded to recent media articles referencing investigations launched in 2019 by the Austrian Economic and Corruption Prosecutor’s Office (WKStA). These investigations concern over 100 individuals, including Ainsworth’s CEO Harald Neumann and Novomatic AG, the company’s controlling shareholder.
Ainsworth was first made aware of these investigations in August 2019 and has kept regulators updated. The company clarified that no significant findings were reported against Mr. Neumann, and that most of the investigations related to him and Novomatic AG have been discontinued.
Source:https://ct.moreover.com/…
Key Points
- The investigations were initiated in 2019 regarding over 100 individuals connected to Novomatic AG and Mr. Neumann.
- Ainsworth communicated with relevant gaming regulators about these investigations.
- The company determined that no ASX announcement was needed due to the investigations being deemed preliminary and lacking substantial evidence.
- Mr. Neumann has been certified suitable to serve as CEO following due diligence assessments, and most investigations have been dropped with no wrongdoing found.
- The remaining investigation is expected to conclude, allowing for an eventual drop of charges.
Why should I read this?
If you’ve got a finger on the pulse of business leadership and regulatory matters, this piece is for you! Ainsworth’s actions and the implications of these investigations could impact industry perceptions of corporate governance and compliance. Get the lowdown on what’s stirring in the executive suite and how regulatory bodies play into the mix.