A firm connected to Rishi Sunak’s wife Akshata Murty has lost a fortune on the stock exchange.

The losses are being reported on the day an investigation was launched into whether Sunak failed to correctly report a conflict of interest; Ms Murty is a shareholder in a firm that will profit from a Budget incentive to recruit childminders.

It seems another of her investments that made the headlines because of government policy has taken a major loss on the stock market.

Remember Infosys, the company that carried on trading in Russia after the government sanctioned such firms?

Infosys claimed in April last year that it was closing its office in Russia – providing a lucky escape for the then-Chancellor, who had refused to take any action about the company’s continued commercial interest in a country that the UK should have been shunning.

Then – exactly a month ago – we discovered that Infosys was still operating in Russia, eight months after it said it would withdraw, and had been given a £1.8 million government contract in spite of this.

Now:

So her shares, which were worth £400 million this morning, are now worth £351 million – in a company for which, like Koru Kids, Sunak broke – or at least seriously bent – government rules.

Had she been using her connection with a leading UK politician to gain advantages for her firms? Is she now losing support after Sunak fell under investigation for a possible conflict of interest?

Or is it a coincidence? It will be interesting to find out.

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