Jun 25, 2026 – 4.00pmHedge funds have been ramping up bets against embattled logistics software group WiseTech Global after a fresh scandal embroiled its billionaire founder Richard White and accelerated a year-long slump in the share price.More than $2 billion was erased from WiseTech’s market value on Monday after a report emerged that White was being investigated by the Australian Federal Police over claims he exploited a woman’s immigration status and financial insecurity for sex.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles