Shares in WiseTech slumped 12 per cent after the company cut its financial guidance as a result of the events of the past two months.
The transactions cast fresh light on how the personal dealings of Richard White overlap into his business world.
The transaction is a glimpse into the relationship between embattled WiseTech founder Richard White and his wife Zena Nasser,a former criminal lawyer.
Just weeks after its CEO stepped down,the software firm is now facing Supreme Court action alleging misleading conduct and a breach of disclosure obligations to investors.
A petition is demanding funding be switched to women-led tech education after two high-profile scandals in the sector.
The powerful lobby group took nearly a week to deal with serious allegations of misconduct.
The technology sector now has serious questions to answer about how it allowed his alleged behavioural problems to fester.
Billionaire Richard White will step down as chief executive of WiseTech following a series of damaging allegations made about his conduct.
Both appear to have engaged in behaviour deemed to be socially inappropriate and at odds with governance convention.
Christine Holman,who has worked at some of Australia’s biggest companies,says she was not prepared to put up with Richard White’s behaviour so she quit.
The sprawling waterfront home is the third property purchased for a woman Richard White is alleged to have had a relationship with,but the first involving a staffer.