News18» News»World»'Richer Than Queen': Report Says Major Chunk of Indian-origin UK Politician Rishi Sunak's Family Wealth Not Declared
1-MIN READ

'Richer Than Queen': Report Says Major Chunk of Indian-origin UK Politician Rishi Sunak's Family Wealth Not Declared

FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak speaks during a daily news conference on the coronavirus disease (COVID-19) outbreak, at 10 Downing Street in London. (Reuters)

FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak speaks during a daily news conference on the coronavirus disease (COVID-19) outbreak, at 10 Downing Street in London. (Reuters)

Akshata Murty's, wife of Sunak, shares in Infosys are worth £430m, making her one of the wealthiest women in Britain, with a fortune larger than the Queen's.

British politician and Chancellor of the exchequer, Rishi Sunak is facing questions over the transparency of his financial affairs after a Guardian report said that that his wife and her family hold a multimillion-pound portfolio of shareholdings and directorships that are not declared in the official register of ministers’ interests. According to a separate report by the Guardian, Akshata Murty, wife of Sunak, is the daughter of one of India’s most successful entrepreneurs. Her father co-founded the technology giant Infosys, and her shares in the company are worth £430m, making her one of the wealthiest women in Britain, with a fortune larger than the Queen's.

Sunak is bound by the ministerial code, which requires him to declare any financial interests that are “relevant” to his responsibilities, and which could conflict with his duty to the public. Ministers must also declare those interests of their close family, including siblings, parents, spouse and in-laws, which might give rise to a conflict.

But Sunak’s entry mentions no family members other than his wife, and only refers to her ownership of a small, UK-based venture capital company.

first published:November 30, 2020, 14:25 IST