The Indian tech firm in which Rishi Sunak’s wife owns shares believed to be worth hundreds of millions of pounds is closing its office in Russia, Sky News understands.

The chancellor’s wife Akshata Murthy has a 0.91% stake in Infosys, a company founded by her father, which had continued to operate in Russia since the invasion of Ukraine.

Her share of the Indian tech consultancy giant is estimated to be worth more than £400m, according to the most recent annual report.

Earlier this week, Mr Sunak refused to answer questions about the company’s links with Russia, including with the country’s largest private bank, Alfa Bank, which was sanctioned by the UK last week.

Asked if he was giving advice to others that his own family is not following, Mr Sunak told Sky News: “I’m an elected politician and I’m here to talk to you about what I’m responsible for. My wife is not.”

After it was pointed out that his family could be benefiting from Vladimir Putin’s regime, the chancellor said: “I really don’t think that’s the case.

“The operations of all companies are up to them. We’ve put in place significant sanctions and all the companies we’re responsible for are following those, as they rightly should, sending a very strong message to Putin’s aggression.”

He added: “I have nothing to do with that company.”

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