Thread by @allthecitizens

🚨 A new investigation for @BylineBITE & @allthecitizens by @manasa_nara reveals concerns related to Sunak's wealth links to #Infosys - which has had a 'problematic tax and governance record.'

Sunak derives much of his wealth from this company.
bylinetimes.com/2022/08/04/ris…

Investigation reveals there are "serious allegations of fraud and financial misconduct against Infosys and its top executives."

These include allegations of visa & tax fraud with regard to its US operations + allegations of financial misconduct & impropriety in India.

Sunak & his wife have a combined wealth of around £700 million much of which comes from Indian company Infosys which belongs to Sunak's father-in-law Narayana Murthy.

The company has a 'revenue of more than $16 billion and market value of $77.88 billion.'
bbc.co.uk/news/uk-politi…

During #LeadershipContest debates, Sunak tried to paint Infosys in great light - highlighting his father-in-law's "rags to riches" and, in his own words, “incredibly Conservative story.”

But Infosys is far from ideal having had a questionable legacy over tax & financial affairs.

Sunak's wealth became a matter of discussion after his wife's non-dom status became public knowledge because of which she managed to avoid "paying £15 million in taxes since 2015."
independent.co.uk/news/uk/politi…

This comes in the backdrop of a major #CostOfLivingCrisis in the UK where "ordinary Britons have suffered intensified tax burdens under Sunak."

thetimes.co.uk/article/nation…

While Ms. Murthy's said she will now start paying taxes on all her foreign income received as remittances; she can still evade taxes if she directs her income to a trust. There is no suggestion she's done so.

Her non-dom status also means she can escape paying inheritance tax.

To learn more about the questionable tax and financial legacy of the company from which Rishi Sunak gets his exorbitant wealth from, read this article:
bylinetimes.com/2022/08/04/ris…