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 Richard White.
- The investigation focuses on 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.
The $38 billion company revealed the raid in a statement to the ASX on Tuesday morning.
Author's summary: WiseTech faces a joint investigation by the AFP and ASIC.
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