Tech firm partly owned by Rishi Sunak’s wife ‘shuts Moscow office’ after backlash Business

A tech company backed by Rishi Sunak’s wife is reportedly closing its Russian office following widespread criticism.

Infosys, in which Akshata Murty has a 0.93pc stake valued at £727m, is looking to move its employees from Moscow to other countries, according to the BBC.

The Indian group has been criticized for continuing its operations in Russia despite Vladimir Putin’s war against Ukraine.

Infosys declined to comment. Labor leader Sir Keir Starmer yesterday said Mr Sunak needed to ‘be clear’ whether his family benefited from Russia-linked investments.

He told Sky News: ‘I would have thought the Chancellor would actually want to be clear about this and say ‘actually I can be very, very clear that my household does not benefit from any money from any way from Russia during this period. the invasion of Ukraine”.

Mr Sunak said earlier this week he found the criticism of Ms Murty’s family business “very upsetting”.

He told the BBC he wasn’t having “the best of weekends” and compared his experience to that of actor Will Smith who slapped comedian Chris Rock over a joke about the shaved head of his wife Jada Pinkett Smith.

Infosys was founded by Ms Murty’s father, Narayana Murthy, in 1981 and he has retained a 0.4pc stake since leaving in 2014. Mr Murthy, 75, has a fortune of $4.5 billion (£3.4 billion), according to Forbes.

His stake in Infosys is worth around £310m. According to Bloomberg data, Ms Murty received nearly £12m in dividends from Infosys over the past year.

The value of his stake has increased by more than £200m over the past year due to a jump in the share price.

In the same period, Infosys also made two dividend payments which would have earned Ms Murty an additional £11.6million before tax, according to a Telegraph analysis found last month.

It is unclear whether Ms Murty kept the dividend payments.

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This notice was published: 2022-04-01 19:22:39

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