Britain’s Prime Minister Rishi Sunak gives a television interview on the sidelines of the Munich Security Conference in MunichInternationalIndiaAfricaMOSCOW (Sputnik) – The UK parliament’s commission for standards has expanded its probe into UK Prime Minister Rishi Sunak over a possible breach of the code of conduct, adding an article which prohibits members from disclosing details about ongoing investigations. The parliament’s standards watchdog opened a probe into Sunak on April 13 under paragraph 6 of the code of conduct over suspicion of a conflict of interests with the stake owned by his wife, Akshata Murty, in Koru Kids, a childcare firm that bills itself as a start-up run by an entrepreneur-mother from London. Last month, Sunak’s cabinet announced a pilot scheme for public funding of private daycare facilities in a bid to grow the childminding market. The probe was launched to determine whether Sunak’s wife could benefit from government funding. WorldRishi Sunak Probed Over Possible Failure to Declare Wife’s Stake in Childcare Firm17 April, 11:57 GMTThe probe was later expanded on April 20 to add paragraph 13 of the code, saying that members of parliament should not disclose details on an ongoing investigation, according to an entry on the parliament’s website. Sunak, a former investment banker, is known as one of the wealthiest UK prime ministers in history. He is married to the daughter of Indian billionaire Narayana Murthy. Rishi Sunak Was Reportedly ‘Listed’ in Tax Haven as ‘Trust Beneficiary’ Relating to Wife’s Finances 9 April 2022, 07:02 GMTSunak’s wife has reportedly not renounced her Indian citizenship and, thus, was able to avoid paying taxes on her business income received in other countries as a non-resident of the UK. Reports suggest that Murty was able to avoid paying £11.5 million ($14.3 million) in taxes on annual dividends by paying only £30,000 to retain her non-resident status in the UK.
- November 27, 2023
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