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 underway, focusing on alleged trading by four employees, including billionaire executive chairman Richard White.
- The investigation concerns trading in WiseTech shares from late 2024 to early 2025.
- The AFP executed a search warrant, requiring the production of documents related to the alleged trading.
"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,"
The $38 billion company announced the raid in a statement to the ASX on Tuesday morning.
Author's summary: WiseTech faces investigation over alleged insider trading.