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 examining alleged trading by four employees, including billionaire Richard White.
- The investigation focuses on trading in WiseTech shares from late 2024 to early 2025.
- The Australian Federal Police executed a search warrant, requiring the production of documents.
The $38 billion company revealed the raid in a statement to the ASX on Tuesday morning.
Author's summary: WiseTech faces investigation over alleged insider trading.
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