Richard White Targeted in Federal Police Raid on WiseTech
WiseTech executive chairman Richard White is under investigation by the Australian Federal Police (AFP) and the Australian Securities and Investments Commission (ASIC).
A joint probe is looking into alleged trading by four employees, including billionaire executive chairman Richard White.
- The investigation focuses on alleged trading in WiseTech shares from late 2024 to early 2025.
- The $38 billion company was raided by the AFP, who executed a search warrant for documents.
They executed a search warrant requiring the production of documents regarding alleged trading in WiseTech shares by Richard White and three WiseTech employees during the period from late 2024 to early 2025.
Author's summary: WiseTech faces investigation.