Reported about 14 hours ago
WiseTech Global Ltd. saw its stock price drop by as much as 17% after Australian authorities raided its Sydney office investigating alleged insider trading by Chairman Richard White and other employees. The raid adds to a difficult year for White, who has faced multiple allegations regarding his conduct and corporate governance at WiseTech, a company he founded over 30 years ago. Despite ongoing scrutiny, neither White nor the company has been charged with any wrongdoing as the investigation continues.
Source: YAHOO