Australian Federal Police have raided WiseTech – investigating alleged insider trading

Australian Federal Police and the corporate watchdog, ASIC, have raided WiseTech’s headquarters

• part of an investigation involving alleged insider trading

WiseTech Global is a firm focused on software solutions re logisitcs.

A company statement said ASIC and the AFP executed a search warrant

• requiring the production of documents regarding alleged trading in WiseTech shares by co-founder Richard White and three WiseTech employees during the period from late 2024 to early 2025
• “So far as it is aware, no charges have been laid against any person and there are no allegations against the company itself,” WiseTech said

This article was written by Eamonn Sheridan at investinglive.com.