Wife of UK Prime Minister Rishi Sunak loses $91 million in single day

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Wife of UK Prime Minister Rishi Sunak loses $91 million in single day
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Shares in the Indian technology company founded by her father tumbled. 9News

wife, Akshata Murty, lost about $91 million on Monday after shares in the Indian technology company founded by her father fell sharply.Murthy is the daughter of N. R. Narayana Murthy, one of India's richest people.Britain's Prime Minister Rishi Sunak and his wife Akshata Murty outside 10 Downing Street in London. Sunak is under investigation over allegations he failed to disclose shares his wife owns in a childcare business that stands to benefit from his government's budget.

Parliament requires members to disclose financial interests within four weeks of something they said or actions they took that may have been influenced by a financial interest.N. R. Narayana Murthy, one of India's richest people, is the father-in-law of British Prime Minister Rishi Sunak. The government's budget announced last month includes a massive expansion of free childcare for working families with children from nine months to four years old.

Sunak was asked to "come clean" about his family's financial interests last month after being grilled by members of parliament over why the childcare policy favoured private agencies."No, all my disclosures are declared in the normal way," he said.

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