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AAP
AAP
Derek Rose

Billionaire CEO steps down amid legal investigation

Richard White Wisetech Global Wisetech
Richard White co-founded Wisetech Global in 1994 and owns 37.5 per cent of the company. (Bianca De Marchi/AAP PHOTOS)

Wisetech Global chief executive Richard White is stepping down from the company he founded and has led for 30 years, as two law firms investigate claims about the billionaire's conduct.

Mr White's departure was effective immediately, Wisetech Global's board announced late on Thursday. 

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