Richard White Targeted as Federal Police Raid WiseTech
WiseTech executive chairman Richard White is the subject of a joint investigation by the AFP and ASIC.
A software giant, WiseTech, has been raided by the Australian Federal Police, investigating alleged trading by four employees.
The $38 billion company revealed the raid in a statement to the ASX, stating that a search warrant was executed for documents regarding alleged trading in WiseTech shares by Richard White and three WiseTech employees from late 2024 to early 2025.
"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 investigation is ongoing, with billionaire executive chairman Richard White and three other employees being probed by the AFP and the Australian Securities and Investments Commission.
Author's summary: WiseTech raided by Australian Federal Police.
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