Australia's WiseTech slips to near 5-year low on reports founder Richard White under probe
BUZZ-Australia's WiseTech slips to near 5-year low on reports founder Richard White under probe ** Shares of Australia's WiseTech Global WTC.AX fall as much as 15.9% to A$31, their lowest level since July 30, 2021
** Stock hits its biggest intraday pct drop since October 28, 2025
** Stock is the top loser in the Australian benchmark .AXJO, which is flat
** Media reports say that the Australian Federal Police were investigating WiseTech Executive Chairman Richard White over claims he exploited a woman's immigration status for sex and provided false information on a visa application
** The AFR article and others said the police launched an investigation into White, WiseTech's billionaire founder, this year after a complaint from the former head of Kyckr, a separate company controlled by him
** Reuters could not independently verify the reports
** Federal police told Reuters they will comment "at an appropriate time"
** The logistics software firm is also top laggard in the tech sub-index .AXEJ, down 3.9%
** YTD, stock down 54.4%, including day's moves
(Reporting by Aamir Sheik Khalid in Bengaluru)