Australian Federal Police have raided WiseTech - investigating alleged insider trading

  • Aussie firm Wise Tech raided
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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
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