A company owned by the prime minister’s wife which received almost £350,000 of UK grant money is now being wound up, it has been revealed.
Pat McFadden, Labour’s national campaign co-ordinator, has written to the Government amid reports that Akshata Murty’s investment company Catamaran Ventures UK will be liquidated.
Murty’s company made headlines in May last year, when it was revealed by the Sunday Times that it held shares in Study Hall, an education start-up which had received almost £350,000 of UK grant money.
Senior Labour frontbencher Mr McFadden drew attention to a notice on the London Gazette, the official public record, published on December 28, announcing that Catamaran Ventures UK was to be wound up.
Newspaper reports back in September had suggested the process was being undertaken.
Mr McFadden has now written to Oliver Dowden, the Deputy Prime Minister, urging him to ensure that Rishi Sunak and his wife’s interests continue to be properly declared in the Register of Ministerial Interests amid the company’s closure.
He asked what the impact of Catamaran’s winding up would be on Study Hall and “any other companies in which Catamaran retains a stake”, as well as whether the company would be “fulfilling all its liabilities to the British taxpayer” by arranging to pay any outstanding taxes.
Mr McFadden also referenced the Prime Minister’s most recent appearance at the Commons Liaison Committee, during which he was grilled by a series of senior MPs in December.
At the time, Mr Sunak told the committee’s Tory chair Sir Bernard Jenkin he would write to the group of MPs if he had failed to mention any interests which he later decided were relevant to their questions.