Calls for Rishi Sunak to be more open about finances after loan questions

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Calls for Rishi Sunak to be more open about finances after loan questions
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Labour’s request is latest PM contender has faced with regards to management of family’s fortune

Rishi Sunak attends a Tory members event in Bexhill, Sussex, before leadership hustings in Eastbourne later on Friday.Rishi Sunak attends a Tory members event in Bexhill, Sussex, before leadership hustings in Eastbourne later on Friday.to be more transparent about his finances after the prime ministerial candidate declined to answer questions about the source of hundreds of thousands of pounds he loaned to a company that he jointly owned with his wife.

candidate’s wealth is derived from his marriage to Akshata Murty, a member of the family that founded the Indian technology group Infosys, in which she owns a stake worth about £690m. James Murray, the shadow financial secretary to the Treasury, said: “Rishi Sunak wants to be our next prime minister, but again it seems he is unable to give a straight answer to questions over his relationship with tax havens. It is hard to avoid the impression he has something to hide.”

The loans were made shortly after Sunak had worked in America between 2010 and 2013 for the US branch of the hedge fund Theleme Partners, where he managed three entities based in theSunak was entitled to a share of the profits made by one of the Delaware entities, US filings suggest, while industry sources said he was also likely to have invested his own money into the hedge fund.

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