Infosys sheds light on Russia operations after UK media linked Murthy’s son-in-law to Moscow

Photo: PTI

HIGHLIGHTS

  • Rishi Sunak has been accused by British media of potentially profiting from Putin’s regime through the Russian operations of Infosys, in which his wife has a stake.
  • Sunak is married to Akshata Murthy, daughter of NR Narayan Murthy, co-founder of Infosys.
  • Infosys launched engineering service delivery centers in Moscow in 2016 as part of a 2016 deal with Italian engineering firm Ansaldo Energia

Infosys said it had no direct business relationships with local Russian companies in a clarification of the IT services major’s operations in Moscow. The statement comes days after Britain’s Chancellor of the Exchequer Rishi Sunak being accused in the British media of “taking advantage of Putinof the regime” on the alleged Russian operations of Infosys, in which Sunak’s wife holds a 0.91% stake.

Sunak is married to Akshata Murthy, daughter of NR Narayan Murthyco-founder of Infosys.

Infosys further clarified that it has a small team of 100 employees in Russia who cater to global customers based there.

“A key priority for Infosys in times of adversity is to continue to extend support to the community. The company has committed $1 million to relief efforts for war victims in Ukraine,” Infosys said, adding that she “supports and advocates for peace” between Russia and Ukraine, according to Economic Times.

Sunak said, “I’m an elected official and I’m here to talk to you about what I’m responsible for, not about my wife.” When pressed further, he said, he doesn’t know about Infosys because he has “nothing to do with that company.”

As Western governments began to impose sanctions on Vladimir Putin’s Russia, several global companies such as Deloitte, Accenture, BCG, Mastercard, American Express, KPMG, EY, Grant Thornton, PwC, Visa, Netflix and Microsoft pulled out of Russia after Moscow invaded Ukraine. February 24.

The IT company has started designing service delivery centers in Moscow and Karlovac in Croatia under a 2016 deal with an Italian engineering firm. Ansaldo Energy. The operations aimed to facilitate support for the activities of the American engineering giant General Electric and the French major Alstom Energy, acquired by Ansaldo Energia. The company was not present in the region before the agreement it signed as a long-term partner of GE-Alstom and Ansaldo Energia.

Comments are closed.