The investigation reportedly began earlier this year following a formal complaint from the former head of Kyckr, a separate entity controlled by White. According to the Australian Financial Review, the complaint alleges that White fabricated a professional justification to hire a former WiseTech cleaner and subsequently misled officials during the visa application process.
WiseTech stock hit A$31.50, marking its lowest valuation since August 2021 and establishing the firm as the primary laggard on the ASX200 benchmark index. While the Australian Federal Police confirmed an investigation is underway, they declined to provide immediate specifics, stating they would comment at an appropriate time. Representatives for WiseTech did not respond to requests for comment regarding the allegations.
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