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AAP

Business

Ben McKay

Tech giant founder targeted as federal police raid firm

Richard White Wisetech Police ASIC ASX

WiseTech founder Richard White is under investigation by the AFP and the corporate regulator ASIC. (Bianca De Marchi/AAP PHOTOS)

Software giant WiseTech's value has plummeted after its headquarters were visited by Australian Federal Police investigating alleged improper trading by four employees.

Billionaire executive chairman Richard White and three others were the subject of a joint probe by the AFP and the Australian Securities and Investments Commission on Monday.

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