Britain’s Chancellor Rishi Sunak is facing questions over his wife’s wealth after accounts said she received millions of pounds in dividends from a company that still operates in Russia, Daily Mail reported.

Sunak’s wife, Akshata Murthy, owns a hundreds of millions stake in Infosys, founded by her billionaire father Narayana Murthy.

Labor has warned that Sunak has “very serious questions to answer” about Murthy’s actions.

Labor MP Liam Byrne said: ‘At a time when we have a responsibility to stand with the people of Ukraine as they resist Russian aggression, it is extremely concerning,’ the Daily Mail reported. .

Major consultancies PwC, KPMG and Accenture all left Russia after the invasion of Ukraine, citing a desire to protest the Kremlin war. In contrast, Infosys still operates in Moscow.

A Daily Mail analysis found that over the past year Infosys has made two dividend payments that would have earned Murthy around £11.7m from his 0.93% stake in the company.

The dividend can be calculated from the most recent financial results of Infosys, published in the United States.

It consists of a payment of Rs 15 per share, announced in April last year, as well as a second payment of Rs 15 rupees in October last year. The war in Ukraine started months later.

Murthy, who married Sunak in 2009, is one of Britain’s wealthiest women, with a fortune said to be even greater than that of the Queen.

Asking the Chancellor about his wife’s ties to Russia earlier this week, Sky News presenter Jayne Secker asked: ‘Do you give advice to others that you don’t follow back home?’

The chancellor now faces more pressure on his wife’s holdings in Infosys, as he warned companies to “think carefully” about any investment that would benefit the regime in Moscow, Daily Mail reported.



(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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