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UK Opposition Raises Questions Over Akshata Murty's Liquidated Firm

London:

The UK's Opposition Labour Party has got into campaigning mode for an expected general election later this year, with advertisements claiming British Prime Minister Rishi Sunak is giving the British public a “raw deal” and also raising questions over his wife Akshata Murty's recently liquidated investment venture, Labour's national campaign coordinator and shadow minister, Pat MacFadden, posted a letter on social media dated January 4 that he wrote to UK Deputy Prime Minister Oliver Dowden questioning the circumstances surrounding Ms Murty's Catamaran Ventures being wound up.


The 43-year-old Indian businesswoman and daughter of Infosys co-founder Narayana Murthy had incorporated the venture in 2013 with her husband as one of the directors before he resigned in 2015. It had emerged in a financial statement last year that she had decided to wind down her firm as a going concern.


“In the past few months, numerous reports about the business dealings of Catamaran Ventures have circulated,” reads MacFadden's letter on X. “It was revealed that the firm run by the Prime Minister's wife received GBP 2m through government Covid support schemes devised by Rishi Sunak himself. It then emerged businesses in which Ms Murty had invested went bust, costing taxpayers GBP 1m… Colleagues and I have written numerous correspondence to government ministers and bodies. Alongside the outstanding questions, the decision by Ms Murty to liquidate her company raises several others that I believe need to be clarified in the public interest,” it notes.



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