Rishi Sunak's wife 'has £490m stake in company still operating in Moscow'
25.03.2022 - 08:19
/ dailyrecord.co.uk
Rishi Sunak's wife has a £490 million stake in a company which is still operating in Moscow and has links to a major Russian bank.
Akshata Murthy is a multi-millionaire who has shares in the tech giant Infosys owned by her father, billionaire Narayana Murthy.
Chairman of the company, the billionaire is a prolific supporter of the Indian Prime Minister Narendra Modi, the Mirror reports.
Modi has refused to impose sanctions on Russia and also abstained in UN security council votes against the Ukrainian invasion.
The Murthy family’s stake in Infosys reportedly runs to several billion.
The company has four offices in the UK as well as one in Kulakov Lane, Moscow, but is Indian-owned so not subject to UK sanctions.
Infosys has reportedly worked with Russia’s Alfa-Bank, which was named in the latest round of sanctions by the UK government.
Founder oligarch Mikhail Friedman - who owns a £150 million mansion in Hampstead Heath - was sanctioned earlier this month.
Infosys lists a Moscow office among its European points of presence.
In 2016, it announced the founding of a development centre in the Russian capital to support its heavy engineering work.
Infosys has worked for the Home Office and signed a framework agreement with Whitehall, which means it can be awarded contracts without competition.
The company employs an estimated 10,000 staff in the UK.
Sunak’s alleged Russian financial links mean he is not “fit and proper” to be in charge of the nation’s purse, it has been claimed.
It comes days after he urged UK firms to think “very carefully” about investing in Russian ventures that would benefit Vladimir Putin.
The chancellor squirmed during an interview on Sky News as he tried to brush off a question about his family’s alleged