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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