Key facts
- WiseTech shares experienced a decline.
- The company's executive chairman is reportedly under police investigation.
- Allegations include exploiting a woman's immigration status for sexual favors.
- The investigation also covers providing incorrect information for a visa application.
WiseTech shares experienced a decline following reports that the company's executive chairman is currently under police investigation. The investigation stems from allegations that he exploited a woman's immigration status for sexual favors and provided false information on a visa application. The specific details of the allegations have led to market reaction impacting the company's stock price.