Australian logistics software giant WiseTech Global faced a dramatic turn of events on Monday as federal police and financial regulators descended on its Sydney headquarters to investigate alleged improper share trading by its chairman and founder, Richard White.

The Australian Federal Police (AFP) and the Australian Securities and Investments Commission (ASIC) executed a search warrant at WiseTech Global's offices as part of an ongoing investigation into alleged share trading activities by White and three other company employees.

The unprecedented action sent shockwaves through the Australian business community, with WiseTech shares plummeting nearly 17% to A$70.60 – their lowest level in more than six months. The company's market value took a significant hit as investors reacted to news of the regulatory probe.

According to the search warrant, authorities are seeking documents related to alleged trading in WiseTech shares during a specific period spanning from late 2024 to........

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