WiseTech Sinks After Police Raid Over White’s Share Trading

Richard WhitePhotographer: Brent Lewin/Bloomberg

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By Angus Whitley and Peter Vercoe

October 27, 2025 at 10:17 PM UTC

Updated on

October 28, 2025 at 12:16 AM UTC

WiseTech Global Ltd. stock plunged after the securities regulator and federal police raided the company’s Sydney office for details of alleged share trading by Chairman and founder Richard White.

The Australian Securities & Investments Commission and the Australian Federal Police were looking for documents related to alleged trading in WiseTech shares by White and three other employees between late 2024 and early 2025, the company said Tuesday.