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→ Rishi Sunak failed to declare wife’s interest in Infosys
𝗜𝗦 𝗥𝗜𝗦𝗛𝗜 𝗦𝗨𝗡𝗔𝗞 𝗙𝗜𝗧 𝗧𝗢 𝗕𝗘 𝗣𝗥𝗜𝗠𝗘 𝗠𝗜𝗡𝗜𝗦𝗧𝗘𝗥?
When Chancellor, Rishi Sunak failed to declare his family’s interests in the multinational IT company, Infosys.
The company reportedly only ended its operations in Russia in April 2022, which broke the spirit of sanctions following the invasion of Ukraine, and which potentially benefited Sunak’s family.
Mr Sunak’s wife, Akshata Murthy, owns a significant stake in Infosys that her father - Sunak’s father-in-law - Narayana Murthy co-founded.
When he first became an MP back in 2015, Rishi Sunak told New Delhi TV that Mr Murthy gave him advice on what to do.
Mr Sunak's wife claimed non-domiciled status in the UK, and until she was put under pressure in April last year, was not paying UK tax on her huge dividend income from Infosys worth millions each year.
She has since said she will voluntarily pay the tax, but will keep her ‘non-dom’ status, which could in future allow her family to legally avoid an inheritance tax bill of more than £275m.
Until 2021 and whilst Chancellor, Rishi Sunak held a USA Green Card, allowing him to live permanently in the USA. Maybe this demonstrated that, like his wife, Mr Sunak was not fully committed to permanent residence in the UK.
Although Narayana Murthy is retired and no longer chief executive or chairman of Infosys, he is their 'Chairman Emeritus’ and continues to be a leading shareholder and so clearly still wields influence.
He - and his daughter, Sunak’s wife - stood to benefit from the UK government’s dealings with Infosys worth many millions.
As Labour’s Shadow Paymaster General, Fleur Anderson MP commented in April 2022:
“Despite Infosys making millions of pounds from lucrative Government contracts, Sunak failed to come clean about his families’ close financial ties to the company.
“Given the company’s access to high-level Government Ministers, there are serious questions to be asked about whether Infosys received preferential treatment.”
In April 2022, the Cabinet’s ‘ethics adviser’, Lord Geidt, cleared Mr Sunak of breaching the Ministerial Code over his wife’s tax affairs.
More at: www.theguardian.com/politics/...
In advice to the then Prime Minister, Boris Johnson, Lord Geidt wrote:
“I advise that the requirements of the Ministerial Code have been adhered to by the Chancellor and that he has been assiduous in meeting his obligations and in engaging with this investigation.”
But he added:
“In reaching these judgments, I am confined to the question of conflicts of interest and the requirements of the Ministerial Code. My role does not touch on any wider question of the merits of such interests or arrangements.”
Yes, the government had an “ethics adviser”, appointed by the then Prime Minister, Boris Johnson. But that didn’t mean Tory governments of this millennium had any ethics, did it?
Tomorrow is our chance to remove the Tories from office.
© Video and report by @JonDanzig
#generalelection2024 #RishiSunak #politics