• WiseTech Global (WTC.AX) shares surged 5.6% to $37.37 on July 7, extending a three-day rebound.
  • The sharp rise followed the announcement that founder and executive chairman Richard White stepped down, citing "personal attacks" and potential short-selling activity amidst an Australian Federal Police investigation into allegations of human trafficking and visa fraud.
  • White, who strenuously denied the allegations, will remain an executive director and chief innovation officer.