ACCC probes WiseTech’s global operations | Business and Finance News

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Recorded19 Aug 2026

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Australia’s competition watchdog has raided WiseTech Global, sparking a 12% stock plunge — the biggest drop in months. The ACCC is probing how the logistics software giant operates globally, while the company vows full cooperation. This follows earlier turmoil: in June, WiseTech’s shares tumbled after scrutiny of CEO Richard White’s personal immigration issues — which he denies. Though White stepped down as CEO last year, he remains executive chair amid ongoing media focus. With the ACCC’s investigation underway, markets are watching closely to see what emerges. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/dfa3345c7c9883a5

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