Ainsworth comments on historical investigations into CEO Harald Neumann
Summary
Ainsworth Game Technology has addressed recent investigations into CEO Harald Neumann. These investigations, launched in 2019 by the Austrian Economic and Corruption Prosecutor’s Office, have included over 100 associates, including Neumann and Novomatic AG. Ainsworth, aware of these investigations since August 2019, has kept gaming regulators informed.
Ainsworth stated that its board, post-legal advice, decided no public announcement was necessary due to insufficient evidence supporting the allegations. Neumann, now CEO since 2021, was determined suitable for the position after a probity investigation.
Most investigations involving Neumann have been discontinued without findings of wrongdoing, with only one remaining inquiry pending closure.
Key Points
- Ainsworth recognises investigations from 2019 involving CEO Harald Neumann.
- Investigations include over 100 individuals, revealed by Austrian media.
- Neumann was a non-executive director during the investigation initiation.
- Ainsworth kept regulators updated and found no necessity for public announcements.
- The company’s Regulatory Compliance Committee regularly monitors the investigations.
- Most investigations involving Neumann have been closed without wrongdoing.
- Ainsworth completed a probity investigation before appointing Neumann as CEO.
Why should I read this?
This article sheds light on Ainsworth’s proactive measures regarding serious investigations. With the gaming industry’s focus on transparency, understanding these proceedings can help stakeholders get the bigger picture. Basically, we’ve skimmed through the noise for you, making it easier to grasp the implications for the industry.
