WiseTech Global has hit back at allegations the Australian Federal Police are investigating executive chairman Richard White over claims of sexual exploitation and providing false information on a visa application, saying the company is not aware of any such investigation and that White “emphatically and unequivocally” denies any involvement in human trafficking.
The ASX announcement, released Tuesday morning, said the alleged investigation relates to White in a personal capacity and there is no suggestion of any probe into the company itself.
This masthead reported on Monday that federal police are investigating the billionaire businessman over claims he exploited a woman’s immigration status and financial insecurity for sex and that he provided false information on a visa application.
WiseTech shares sunk more than 18 per cent to $30.08 on Monday – their lowest point in five years – extending a near two-thirds slump over the past 12 months amid concerns about White’s personal conduct, a broader software sell-off and a separate ASIC investigation into alleged insider trading involving more than $200 million in share sales.
More to come.
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David Swan is the technology editor for The Age and The Sydney Morning Herald. He was previously technology editor for The Australian newspaper.Connect via X or email.From our partners
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: www.smh.com.au
