A month earlier, Russian President Vladimir Putin declared war on neighboring Ukraine, calling it a “special military operation”. Since then, several countries have taken strict action and many companies have also decided to restrict their operations in Russia.
Now, in the midst of the Russo-Ukraine war, Indian IT giant Infosys has found itself in a rather complicated situation, even though India has not taken sides due to diplomatic reasons. The company, which is owned by founder Narayana Murthy’s daughter Akshata Murthy, is “immediately” closing its offices in Russia.
Infosys’s decision to shut down its Moscow branch comes at a time when Akshata Murthy’s husband and UK Chancellor Rishi Sunak is facing mounting pressure to respond to allegations that his family remains in Russia despite the invasion of Ukraine. The company is earning profits from the continuous operations of the company.
Guardian reported that according to an Infosys insider, the corporation was “immediately” shutting down its Russian operations and “relocating” its employees to other countries.
In the United Kingdom, Labor leader Sir Keir Starmer demanded that the chancellor clarify whether his family was “benefiting from money” earned in Russia when the government imposed sanctions on corporations and individuals.
Sunak neglected to comment on his wife Akshata Murthy’s 0.91% ownership in Infosys, despite repeated calls for British corporations to exit Russia in order to inflict “maximum economic pain” on Putin’s dictatorship. Was.
According to the company’s most recent annual report, Akshata Murthy holds over $90,00,00,000 (£690 million) in the company, which has earned over $1,50,00,000 (£11.5 million) in dividend payments over the past year. Earned more. ,
However, Sunak told the BBC’s newscast that it was “very disturbing and … it was wrong for people to try to come on my wife”. He also saw parallels between Will Smith, who told comedian Chris Rock joke about his wife at this year’s Oscars, as well as England cricket captain Joe Root.
“Someone said Joe Root, Will Smith, and I – not the best weekend for any of us. But I think, upon thinking, Will Smith and I both attacked our wives…
Sunak has been punished by Labor and the Liberal Democrats for his wife’s investment in the company, with shadow Transportation Secretary Louise High calling it “quite shocking”.
In response, Sunak said: “You know, I think it’s totally okay for people to take shots at me. It’s fair game… [But] It’s very upsetting and, I think, wrong for people trying to come on my wife. ,
Additionally, Sunak also defended Narayana Murthy, saying that he has nothing but great pride and admiration for what his father-in-law has achieved, and that no blemish will change because “he She is amazing and has amassed a huge amount. Like I said, I am very proud of her.”
Despite most major global IT and consulting organizations such as Accenture, KPMG, McKinsey, Oracle, PwC and SAP shutting down their Russian operations, Infosys continues to operate in Russia. Earlier, the company said it had a small team of personnel based in Russia to provide local support to some of its worldwide customers.
“Infosys has a small team based out of Russia, which serves some of our global customers locally. We do not have any active business relationships with local Russian enterprises. A key priority for Infosys in these difficult times is making the community a priority. The company has pledged $1 million to Ukraine for relief efforts for victims of the war.
However, ministers must register any financial interests that may cause a conflict of interest, including those of their spouse and close family, according to the Ministerial Code.
In this case, a representative of the Chancellor said that Akshata Murthy and her family have “no involvement in the company’s operating decisions”.
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