Rishi Sunak under investigation over wife’s shares in childcare company

An investigation has been launched into whether the UK Prime Minister, Rishi Sunak, properly disclosed his wife’s shareholding in a company that could benefit from a recent budget. The Parliament’s Commissioner for Standards began the investigation on April 13th regarding a “declaration of interest,” as parliamentary rules demand members to be transparent about any relevant interests in parliamentary proceedings. The investigation is related to shares held by Sunak’s wife, Akshata Murthy, in Koru Kids, a childcare agency that is set to benefit from support announced in March’s budget. Sunak did not mention these shares during a recent committee hearing. The investigation is an embarrassment for Sunak, who pledged to lead a government with integrity “at every level.” If found in breach, Sunak may be required to apologize and take steps to prevent future errors, or he could be referred to a committee with the power to suspend or expel him from parliament.

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