Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has recently commented on the ongoing investigations associated with its CEO, Harald Neumann. The enquiries, which began in 2019 by the Austrian Economic and Corruption Prosecutor’s Office, have involved a large number of individuals, including Neumann and Novomatic AG, Ainsworth’s controlling shareholder.
The company had informed gaming regulators about these inquiries back in August 2019 and has provided periodic updates ever since. Ainsworth’s Board has reassured that they did not find sufficient reasons to warrant a public announcement, citing the preliminary nature of the investigations and lack of concrete evidence.
These investigations are public knowledge and started prior to Mr Neumann’s CEO appointment in October 2021. A compliance review confirmed his suitability for the position, and all but one investigation against him has been closed without any serious findings.
Key Points
- Ainsworth acknowledges media reports on investigations involving CEO Harald Neumann and Novomatic AG.
- The investigations began in 2019 and are managed by the Austrian Economic and Corruption Prosecutor’s Office.
- Ainsworth has kept regulators informed since their initial discovery in 2019.
- The Board determined that no public announcement was necessary due to the lack of evidence supporting the allegations.
- All but one inquiry regarding Mr Neumann has been closed without findings of wrongdoing.
Why should I read this?
If you’re keeping an eye on corporate governance in the gaming industry, this article sheds light on how Ainsworth is navigating serious allegations linked to its CEO. It highlights the importance of transparency in corporate communications, especially regarding regulatory scrutiny. The outcome of these investigations could have significant implications, so it’s worth your time to stay informed!