Australian logistical software giant WiseTech Global says that Australian Federal Police and market regulators raided its Sydney headquarters and executed a search warrant on Monday.

The investigation concerns alleged trading in WiseTech shares by its billionaire co-founder Richard White and three company employees between late 2024 and early 2025, its board said in a statement to the ASX.

“So far as WiseTech is aware, no charges have been laid against any person and there are no allegations against the company itself,” it said.

“WiseTech intends to fully cooperate with any investigation.”

The company, which serves over 17,000 logistics companies globally, has seen significant leadership scrutiny in recent months surrounding its co-founder White. White resigned as chief executive last year but remains executive chairman.

In the past year, White’s complicated personal life, including multiple relationships with women, including WiseTech employees, has resulted in board upheaval following a number of complaints about inappropriate conduct, a number of which have been settled.

More to come

The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Sign up to get it every weekday morning.