Britain’s Minister for Financial Services, Tulip Siddiq, has resigned amid growing scrutiny over her financial ties to her aunt, former Bangladeshi Prime Minister Sheikh Hasina, and allegations of corruption. The resignation marks a setback for Prime Minister Keir Starmer’s government.
The British minister responsible for financial services and fighting corruption, Tulip Siddiq, resigned on Tuesday amid growing questions over her financial ties to her aunt, Sheikh Hasina, the former prime minister of Bangladesh. Siddiq, 42, had repeatedly denied any wrongdoing, and Prime Minister Keir Starmer had expressed full confidence in her. However, Siddiq stepped down, stating her position had become a distraction from government work.
This marks the second resignation of a government minister in two months, dealing a blow to Starmer's Labour Party, whose approval ratings have fallen since their July general election win. Siddiq, who held responsibility for financial services policy and anti-money laundering measures, was named in an investigation into alleged corruption tied to her family’s involvement in Bangladesh’s infrastructure projects.
While the government's ethics adviser found no breach of conduct, he expressed regret over Siddiq's failure to recognize the reputational risks linked to her family's association with Bangladesh. Siddiq's resignation follows scrutiny over properties linked to Hasina and her political allies, including two London properties, one of which was given to her family in 2009.
Bangladesh’s interim government has called for Siddiq to seek forgiveness, while reaffirming efforts to recover assets tied to corruption. Siddiq’s resignation follows that of transport minister Louise Haigh, who resigned last year over a past criminal offense.
The total value of foreign currency transactions between banks and individuals in Uzbekistan reached 14.5 billion U.S. dollars in the first six months...
North Korea has stopped foreign tourists from visiting its new Wonsan-Kalma resort just weeks after it welcomed the first Russian visitors....
U.S. President Donald Trump says Coca-Cola has agreed to use real cane sugar in the U.S., though the company has not confirmed the claim....
U.S. markets closed mostly flat Friday, capping a third winning week out of four....
Netflix has used generative artificial intelligence to produce a visual effects scene in an original series for the first time, marking a new step for...
The UK, in coordination with the EU, has reduced the price cap on Russian crude oil from $60 to $47.6 per barrel to increase economic pressure on Moscow.
The United Kingdom announced on Friday that it has imposed sanctions on more than 20 Russian spies, hackers, and organisations, accusing them of engaging in a sustained campaign of malicious cyber activity targeting European governments and institutions.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 18th July, covering the latest developments you need to know.
Germany, and the UK hailed a major treaty to deepen ties in many areas ranging from defence to immigration. It's the latest push from Britain to reset relations with the European Union after Brexit in 2020. It comes after a recent treaty between France and the UK was signed last week.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
Nepal has banned access to the Telegram messaging app, citing its role in a growing number of online fraud and money laundering cases across the country.
North Korea has stopped foreign tourists from visiting its new Wonsan-Kalma resort just weeks after it welcomed the first Russian visitors.
U.S. President Donald Trump says Coca-Cola has agreed to use real cane sugar in the U.S., though the company has not confirmed the claim.
The U.S. ambassador to Türkiye says Israel and Syria have reached a ceasefire deal supported by Türkiye, Jordan, and regional actors after cross-border strikes this week heightened tensions.
The Trump administration has completed a controversial prisoner swap with Venezuela, returning around 250 deported Venezuelans in exchange for 10 American detainees.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment