The former boss of WiseTech Global and his new wife have been making many quiet changes to private investment companies and share trusts.
On the same day Richard White stepped down as chief executive of WiseTech Global after weeks of pressure, the billionaire found time for another important change – quietly appointing his new wife Zena Nasser to the board of his private investment company.
RealWise Group Holdings DT in turn owns Kyckr, which provides data and software so companies, particularly financial institutions, can meet their Know Your Customer and anti-money laundering obligations. White bought the then-ASX listed Kyckr for $43.5 million in early 2023. She was banned from visiting jails in NSW in 2007 because corrective services had reason to believe that she was forwarding her clients’ calls to their associates outside prison.
RealWise Group Holdings DT is also the ultimate parent company of RealWise Finance. An investigation by thelast month revealed RealWise Finance was bankrolling a multimillion-dollar property development in Sydney’s west, which was recommended to White by Nasser’s ex-husband, Mark Merhi.Merhi is a 50-year-old failed property developer who left for Dubai while development companies faced debts of $80 million. He was a suspect in a firebombing investigation in the mid-2000s.
Six days after questions were sent to White’s lawyers regarding the loans and property developments, the billionaire and Nasser set up three new companies, which they jointly own. “At this stage, we have an ‘agreement in principle’ subject to formal documentation and completion of each of the sales,” he said.
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