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.
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Stay updated with the top news for January 15th in our Morning Briefing.
An outbreak of suspected Marburg disease in Tanzania has claimed eight lives, with nine cases reported in the Kagera region, according to the World Health Organization. The high-fatality virus, spread through close contact, poses a regional risk as surveillance efforts continue.
Former First Lady Michelle Obama will not attend President-elect Donald Trump’s inauguration on 20 January, marking a rare absence from a key ceremonial event. Former Presidents Barack Obama, George W. Bush, and Bill Clinton, along with their spouses, have confirmed their attendance.
Japan voiced concern over South China Sea tensions, opposing unilateral actions. Foreign Minister Takeshi Iwaya pledged stronger security ties with the Philippines and deeper trilateral cooperation with the US under the Trump administration.
RedNote, a Chinese lifestyle app known as Xiaohongshu, has seen a surge of over 500,000 TikTok users amid U.S. ban concerns. The platform, often called China’s Instagram, is exploring global expansion as it gains unexpected international attention.
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