UK PM Rishi Sunak Declares Wife Akshata’s Business Shares Amid Probe

Akshata Murthy is the daughter of Infosys co-founder Narayana Murthy (File)


British Prime Minister Rishi Sunak’s register of ministerial interests was published by the UK Cabinet Office on Wednesday, revealing his wife Akshata Murthy’s shares in a childcare agency may have benefited from a policy in last month’s budget. Could

The publication of the list comes in the wake of a parliamentary oversight inquiry opened by the UK’s Parliamentary Commissioner for Standards last week to determine whether British Indian leaders were “open and candid” in their obligations under the parliamentary “code of conduct”.

Now, a full ‘list of ministers’ interests’ published online has revealed Rishi Sunak’s reference to his wife’s interests as well under a section titled “relevant interests of spousal partner or close family member”.

The register reads, “The Prime Minister’s wife is a venture capital investor. She owns a venture capital investment company, Catamaran Ventures UK Ltd, and has a number of direct shareholdings.”

As a footnote, it adds: “As the Prime Minister set out in his letter to the Liaison Committee Chair dated April 4, 2023, this includes the minority stake that his wife has in relation to Koru Kids.” Downing Street said Rishi Sunak, 42, had at all times followed the rules of ministerial conduct and declared his wife’s interests as ministerial interests.

The publication of the register comes after a gap of 11 months since the last one was released and follows opposition demands that the government come clean after the surveillance probe came to the fore.

Downing Street sources said the investigation relates to Akshata Murthy’s interest in Koru Kids Ltd, which is likely to benefit from a new pilot scheme announced in the Spring Budget last month to encourage people to become childminders.

Infosys co-founder Narayana Murthy’s daughter Akshata Murthy is listed on the UK’s Companies House register as a shareholder in Koru Kids – one of six childminder agencies in England listed on the government’s website with contact details.

The opposition last month flagged this fact and sought further clarification at a hearing of the Liaison Committee, made up of all House of Commons committee chairs.

Rishi Sunak was asked by Labor MP Catherine McKinnell if he had any interest in making an announcement regarding the new childcare policy.

“No, all my revelations are announced in the usual way,” he replied at the time. The parliamentary watchdog’s investigation is to determine if there has been a breach of the code, which can then be put before MPs sitting on the standards committee – which is responsible for deciding on any sanctions.

A Downing Street spokesperson said earlier this week: “We are pleased to assist the commissioner in clarifying how this has been transparently declared as of ministerial interest.”

The UK’s Parliamentary Commissioner for Standards is an independent officer of the House of Commons who is in charge of looking at the evidence if individual British Members of Parliament are suspected of breaking a rule under the ‘code of conduct’.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)