Sheikh Hasina’s niece Tulip Siddiq resigns as UK’s Treasury minister over alleged Bangladeshi financial links

Tulip Siddiq, niece of former Bangladeshi prime minister Sheikh Hasina resigned as the UK’s Treasury minister on Tuesday amid allegations of links to Bangladeshi finances, The New York Times reported.

Siddiq, who held the role responsible for financial services and fighting corruption, faced growing scrutiny over her connections with her aunt, who was ousted as prime minister of Bangladesh last year.

However, she has dismissed the allegations as politically motivated and maintains that she did nothing wrong.

As economic secretary to the Treasury — a role she assumed when the Labour Party came to power in July last year — Siddiq was tasked with addressing corruption in financial markets, including combating money laundering and illicit finance.