Tulip Siddiq, the Treasury Minister and Labour MP for Hampstead and Highgate, has resigned following mounting pressure linked to an anti-corruption investigation in Bangladesh.
The controversy stems from her ties to her aunt, Sheikh Hasina, the former Prime Minister of Bangladesh, who was ousted in 2024. Siddiq referred herself to the prime minister’s standards adviser, Sir Laurie Magnus, after questions arose about her association with Hasina.
Resignation to Avoid Distraction
Siddiq’s resignation statement asserted her innocence, claiming she had done nothing wrong. However, she acknowledged that remaining in her ministerial role could distract the government from its agenda.
Sir Laurie’s investigation into the matter concluded that there was no evidence of improprieties by Siddiq. However, he criticized her for failing to recognize the reputational risks associated with her familial connections.
Allegations and Investigations
The resignation coincides with a second investigation in Bangladesh, where Siddiq has been implicated in allegations of corruption. Bangladesh’s Anti-Corruption Commission (ACC) accuses Siddiq of assisting her aunt in brokering deals and securing property through improper means.
Among the claims is that Siddiq attended the signing ceremony for a nuclear power plant deal with Russia in 2013, allegedly influencing inflated costs. Siddiq explained that her visit was for social purposes and unrelated to governmental discussions.
Sir Laurie supported this explanation, stating there was no evidence linking her to financial misconduct or improper use of her position.
Property Controversy
Siddiq faced additional scrutiny regarding her ownership of properties in London linked to allies of her aunt’s administration. Reports suggest that a flat in King’s Cross was gifted to her by a property developer associated with Sheikh Hasina.
Siddiq initially claimed the flat was purchased by her parents but later issued a public correction about its origins. Sir Laurie called this an “unfortunate misunderstanding” that inadvertently misled the public.
Labour Leadership Responds
In accepting Siddiq’s resignation, Labour leader Sir Keir Starmer expressed sadness and gratitude for her service. He emphasized that the standards adviser found no breach of the ministerial code.
Starmer’s acceptance of Siddiq’s resignation comes amid criticism from Conservative leader Kemi Badenoch, who accused him of delaying action to protect a close ally.
Successor Appointed
Emma Reynolds, a Labour MP since 2010 with experience in financial services, has been appointed as the new Economic Secretary to the Treasury.
Siddiq Denies All Allegations
A spokesperson for Siddiq stated that she denies all allegations made against her and has not been contacted by any authorities regarding the claims.
This high-profile resignation underscores the challenges of navigating public office while facing intense scrutiny over familial and international ties.
