WTC.AX is trading 4.2% down at A$31.48 as investors refocus on governance risks following reports of federal investigations into founder Richard White.
- The Australian Federal Police are reportedly investigating Executive Chairman Richard White over allegations involving immigration and human trafficking.
- Major investors are escalating scrutiny over WiseTech’s management of White’s ongoing role and the potential impact on corporate governance.
- The share price drop erases part of the stock's sharp June 24 rebound as sentiment sours on leadership-related risks.