Akshata Murty’s Infosys received £7m in Public Sector Invoices

Tech giant Infosys, in which Rishi Sunak’s wife Akshata Murty is a shareholder, received £7 million in public sector invoices.

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"This is about taxpayers money."

It has been revealed that Akshata Murty’s company Infosys received £7 million in public sector invoices in 2023, nearly 50% more than the previous year.

The total includes over £250,000 from the Government Property Agency (GPA), as well as £270,000 from the Care Quality Commission – whilst the London Borough of Brent totalled over £2 million in invoices with Infosys.

Within these invoices, Infosys received contracts for “Information Communication Technology” (£1.5 million), “Consultant fees” (£1.1 million) as well as “IT Consultancy” (£868,000) across various levels of government.

Public sector invoices show the actual amount spent with a company over a specific period.

The figures come at a time of unprecedented stress on council finances, where central government grants to local authorities fell by 40% in real terms between 2009-10 and 2019-20, local government spending on Infosys’s services has risen by 40% in just one year.

LBC reported that in addition to these contract wins, Infosys also won spots on several frameworks in recent years.

According to data provider Tussell, it can “give the company an edge in winning contracts in the future”.

Towards the end of 2023, Infosys was one of 28 companies that won a place on the NHS Shared Business Services’ £250 million ‘Intelligence Automation’ Framework.

It was also one of 62 companies that won a place on the Financial Conduct Authority’s £563 million ‘Digital Services Framework Agreement’.

The government also published contracts worth £44 million to Infosys in 2022. This shows that the trend will continue.

One contract published in 2022 was a £7.45 million Infrastructure Testing project with the Home Office, whilst others showed Infosys had contracts over £5.5 million.

Labour’s Jonathan Ashworth responded:

“Taxpayers will want to have serious questions answered as to how this firm, with its close links to Rishi Sunak directly, appears to be cashing in.

“It’s high time we had a full explanation as to all the circumstances as to how this firm has been awarded these lucrative contracts.”

“This is about taxpayers money.”

Between 2012 and 2023, Infosys has been awarded government contracts worth over £100 million.

Rishi Sunak has frequently faced criticism over the government’s relationship with Infosys.

Akshata Murty has a 0.91% stake in Infosys, which was previously valued at £500 million.

It was also reported that Mrs Murty received dividends of £13 million in the last financial year.

A Cabinet Office spokesperson said:

“All contracts are awarded following an open and fair process, and decisions are rigorously scrutinised”

“Ministers do not take part in the evaluation or selection of winning bidders.”

A government source said Ministers are asked to declare their relevant interests and that steps are then taken to ensure there is no conflict of interest.

Dhiren is a journalism graduate with a passion for gaming, watching films and sports. He also enjoys cooking from time to time. His motto is to “Live life one day at a time.”

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