Pressure is mounting on WiseTech Global founder Richard White to step aside permanently following a dramatic raid this week by federal police and the corporate regulator, with investors and governance experts warning the executive chairman’s grip on power has become untenable.

Prompted by this masthead’s revelations in April that White possibly engaged in insider trading – a potential criminal offence which can attract a 15-year jail term – search warrants were executed at the global logistic giant’s Alexandria headquarters on Monday. The AFP and the Australian Securities and Investments Commission were hunting for documents related to alleged improper share trading by White and three employees during late 2024 and early 2025.

WiseTech informed the market of the raid on Tuesday and i

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