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Murthy’s law of diminishing returns

The former chancellor's wife has been hit with a £5m loss at Acamar Films, in which she holds 2,000 shares through her investment arm, Catamaran Ventures

Chancellor of the Exchequer Rishi Sunak and Akshata Murthy attend a reception to celebrate the British Asian Trust at the British Museum (Photo by Max Mumby/Indigo/Getty Images)

Rishi Sunak is selling his “careful with money” credentials as he deflects calls for immediate tax cuts on the Tory leadership campaign trail, but perhaps he should have a word with his wife, Akshata Murthy.

She’s just been hit with a £5m loss at Acamar Films, in which she holds 2,000 shares through her investment arm, Catamaran Ventures.

The loss for Acamar was run up in the year ended September 30, 2021 and takes ongoing losses to £26.9m. Still, the firm remains upbeat, saying in its accounts it believed it was still on course to meet its targets. Murthy’s reverse Midas touch has seen three companies in which she has invested go into insolvency in the past two years – Digme Fitness, for which she acts as a director, a stationery business called Mrs Wordsmith and The Lava Mayfair Club.

Happily, the couple have a £900m fortune to keep Rishi looking dishy in his Prada loafers and bespoke suits.

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