Richer than the Queen: Sunak family’s huge wealth not declared by chancellor

[Nick]

Rishi Sunak is facing renewed questions about his financial affairs after it emerged that his wife and her family hold a multimillion-pound portfolio of shareholdings that are not declared in the register of ministers' interests.

Akshata Murty – who married the chancellor in 2009 – is the daughter of one of India's richest men. Her father co-founded tech giant Infosys, and she has shares in the company worth £430 million – making her richer than the Queen.

The ministerial code complex Sunak to declare any financial interests "relevant" to his job that might constitute a conflict of interests. Ministers are also supposed to declare the interests of close family members.

After he became chief secretary to the Treasury in July 2019, Sunak revealed he was the beneficiary of a blind trust – meaning he can't make decisions about how his money is invested, but can still profit from his investments.

However, according to a Guardian investigation, Sunak's declarations make no mention of his wife beyond referring to her ownership of a small venture capital company.

But the paper revealed that Murty and her family hold a score of other valuable interests – including a £1.7 billion shareholding in Infosys, which employs thousands of UK staff and has held a number of government contracts.


https://www.thelondoneconomic.com/politics/richer-than-the-queen-sunak-familys-huge-wealth-not-declared-by-chancellor/27/11/

Hmm what was the govt described as? A hedge fund cabinet....

https://www.itv.com/news/2020-02-17/robert-peston-boris-johnson-s-hedge-fund-government

I also note that you left out this bit.

A spokesperson said that the prime minister's independent adviser on ministerial interests "confirmed he is completely satisfied with the chancellor's propriety of arrangements and that he has followed the ministerial code to the letter in his declaration of interests".


You know, the bit that makes your story a non-story.

[Nick]

Anything anywhere that's relevant.

What relevance is his father-in-law's wealth? None, he lives in India.

[Streetwalker]

Well Id rather anyone getting elected is loaded when they arrive than is loaded when they leave . If he really does have that sort of cabbage to play with at home I cant see him striping the public up for a few shekel's to paint the boathouse on expenses .

That he doesnt have to do it  for the money gives me a little more confidence that he might be doing it for us  (never trust a tory )

[Borg Refinery]

So a govt minister not only has to declare his own wealth and financial interests, and those of his wife, but also those of his wife's family?
Where does it stop...?

Anything anywhere that's relevant.

It could extend to further relations, ie Kushner is Trump's son in law, do you think his holdings had any relevance to his biz dealings or position in Trump's administration or are you naive?

You aren't that naive, come on now.

[patman post]

So a govt minister not only has to declare his own wealth and financial interests, and those of his wife, but also those of his wife's family?
Where does it stop...?

[Borg Refinery]

Rishi Sunak is facing renewed questions about his financial affairs after it emerged that his wife and her family hold a multimillion-pound portfolio of shareholdings that are not declared in the register of ministers' interests.

Akshata Murty – who married the chancellor in 2009 – is the daughter of one of India's richest men. Her father co-founded tech giant Infosys, and she has shares in the company worth £430 million – making her richer than the Queen.

The ministerial code complex Sunak to declare any financial interests "relevant" to his job that might constitute a conflict of interests. Ministers are also supposed to declare the interests of close family members.

After he became chief secretary to the Treasury in July 2019, Sunak revealed he was the beneficiary of a blind trust – meaning he can't make decisions about how his money is invested, but can still profit from his investments.

However, according to a Guardian investigation, Sunak's declarations make no mention of his wife beyond referring to her ownership of a small venture capital company.

But the paper revealed that Murty and her family hold a score of other valuable interests – including a £1.7 billion shareholding in Infosys, which employs thousands of UK staff and has held a number of government contracts.


https://www.thelondoneconomic.com/politics/richer-than-the-queen-sunak-familys-huge-wealth-not-declared-by-chancellor/27/11/

Hmm what was the govt described as? A hedge fund cabinet....

https://www.itv.com/news/2020-02-17/robert-peston-boris-johnson-s-hedge-fund-government