Australia's WiseTech rises after company denies involvement in probe linked to founder White
BUZZ-Australia's WiseTech rises after company denies involvement in probe linked to founder White ** Shares of Australia's WiseTech Global WTC.AX rise as much as 5.2% to A$31.65, their biggest intraday pct gain since June 15
** Australian software company responds to media commentary, says alleged investigation relates to Executive Chairman Richard White in a personal capacity
** Adds no suggestion in media commentary of an investigation into WiseTech
** Company says not aware of any investigation as outlined in the article, and adds that White is providing assurance to board that he is not aware of any such investigation
** Company adds that White confirmed that "he emphatically and unequivocally denies any involvement in or with human trafficking"
** Stock has fallen 53.9% this year, including day's moves
(Reporting by Roshan Thomas in Bengaluru)
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Brief: Wisetech Global Says Media Reports' Alleged Investigation Relates To Richard White In Personal Capacity
Australia's WiseTech rises after company denies involvement in probe linked to founder White
Corrected: UPDATE 1-WiseTech shares tumble on news reports police are investigating founder White