UK FM Rishi Sunak & wife Akshata line up around India, Infosys leaves India
Infosys, a company co-founded by his father-in-law on UK Finance Minister Rishi Sunak, has come under increasing pressure not to leave Russia after the Ukraine war.
His wife Akshata Murthy, daughter of Infosys co-founder Narayan Murthy, also came under pressure to reportedly own a 0.9 per cent stake in the company.
The news agency Reuters reported that she was accused of not paying taxes on income from outside Britain.
On Wednesday, the company announced a “transition” from the Russian market.
Speaking at the press conference, Salil Parekh, Chief Executive and Managing Director, Infosys, said, “What is happening in this region is that we have begun to shift all of our work from our bases in Russia to our bases outside Russia.”
“Today we have no work with any Russian client and we have no plans to work with any Russian client going forward,” he added.
Parekh said the company was “very concerned” about the situation in Ukraine and was committed to $ 1 million in humanitarian assistance.
Infosys is facing the heat of shutting down after several IT companies shut down their operations. It maintains a “small team … based in Russia” that has so far served some of our global clients.
Read also | Ukraine-Russia war: Rishi Sunak’s wife Akshata Murthy scans Infosys shares.
In particular, in an interview with Sky News, he said that his family would “potentially benefit” from the rule of Russian President Vladimir Putin, to which Sunak replied, “I do not think so and like I said, all companies like their operations.
“We have imposed significant sanctions and all the companies we are responsible for are following them properly, sending a very strong message to Putin’s aggression,” he replied.
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(With agency inputs)