2023-11-04 18:12:16

Infosys still operating from Russia eight months after saying it was pulling out

Logo The Guardian
The Guardian
By Daniel Boffey

The Indian IT services company Infosys from which the prime ministers wife collects 11.5m in annual dividends is still operating from Moscow eight months after the company said it was pulling out.

The company retains a staffed office and is paying subcontractors in the Russian capital to carry out IT services for a global client although a spokesperson said they were looking to end that arrangement.

Rishi Sunaks wife, Akshata Murty, is the daughter of the billionaire founder of Infosys, NR Narayana Murthy. She has a 0.91% stake in the company worth 690m that rewards her with multimillion-pound annual dividends.

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Murty and Sunak, who entered Downing Street last month, face new pressure to rethink their financial links to Infosys. Earlier this year, Murty agreed to pay tax on her Infosys dividends both in the UK and in India after an outcry over her non-dom tax status that had allowed her to avoid liability in Britain.

Infosys had announced in March that it was transitioning out of Russia after accusations from a Ukrainian politician that the then chancellors family was earning blood money via its Moscow operation.

Continue read on theguardian.com

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