Core Viewpoint - WiseTech, an Australian logistics software company, is facing a potential insider trading investigation involving its executive chairman and founder, Richard White, following a raid by the Australian Securities & Investments Commission and the Australian Federal Police [1][2]. Company Overview - WiseTech recently acquired U.S.-based e2Open for $2.1 billion, which was approximately $3.30 per share, representing a 28% premium over the stock price prior to the acquisition announcement [4]. - The company's primary product is CargoWise, but it also owns a portfolio of other logistics software providers, totaling 20 companies listed on its website [5]. Stock Performance - WiseTech's stock has experienced a significant decline, dropping from just under Au$140 (U.S. $91.52) a year ago to less than $70, with a decrease of over $15 in recent days due to the investigation news [3]. Management Changes - Richard White resigned as CEO last year due to "inappropriate behavior" but returned as executive chairman in February. Zubin Appoo was appointed as CEO in July [4]. Analyst Outlook - Morningstar has indicated that if Richard White is forced out again, the estimated value of WiseTech could be reduced by 15% to 20%, impacting the company's growth and business progression [6].