WTC.AX is trading 3.8% down at A$31.60 following reports that the Australian Federal Police (AFP) are investigating executive chairman Richard White over alleged immigration- and exploitation-related matters.
- The probe has renewed focus on governance and regulatory risks, coming on the heels of earlier headlines regarding insider-trading raids.
- Investors are increasingly concerned about leadership stability and reputational damage, although no formal charges have been brought against the company itself at this time.