The Australian Federal Police and the financial watchdog have raided the Sydney offices of software giant WiseTech.
During yesterday’s operation, police officers and ASIC officials requested documents related to alleged share trading by billionaire co-founder Richard White and three other employees from late last year to early 2025, the board said in a statement to the ASX today.
“So far as WiseTech is aware, no charges have been laid against any person, and there are no allegations against the company itself,” it said.
Richard White, the co-founder of software company WiseTech. (Dominic Lorrimer)
“WiseTech intends to fully co-operate with any investigation.”
WiseTech, a leading logistical software company, employs about 17,000 staff worldwide. The company has a market capitalisation of $28.5 billion.
The leadership of White, who stepped down as chief executive last year but remains executive chairman, has come under scrutiny over recent months.
The company has been beset with reports over complaints about inappropriate conduct regarding White’s personal life, including his relationships with female WiseTech staff members.
White left the WiseTech board last year after a joint investigation by Nine newspapers.
