Tulip Siddiq resigns as Treasury Secretary

Tulip Siddiq resigns as Treasury  Secretary
Bangladesh's Finance Minister Tulip Siddiq has resigned  amid growing pressure  for an anti-corruption  probe.
The Labour MP for Hampstead and Highgate referred  her to Sir Keir  Starmer's standards adviser, Sir Laurie Magnus, but insisted she  had done nothing  wrong.
She said that  while Sir Laurie  had found she had not  broken ministerial rules, it was  "clear that my  continued role as Treasury  economic secretary is likely to  distract from the work of  the government".
Labour MP Emma Reynolds has been appointed  as the new  Treasury Economic  Secretary.
Siddiq, whose ministerial role included tackling corruption in  Britain's financial markets, was named last month in an investigation into  allegations that her family embezzled up to  £3.9 billion in infrastructure in  Bangladesh.
His aunt is former  Bangladesh Prime Minister Sheikh Hasina,  leader of the Awami League, who  went into exile after being  ousted last  year. Siddiq has also come under intense scrutiny over her use of  London properties linked to her  aunt's allies.
The MP insists she has done nothing wrong, but the  Prime Minister has faced calls from Conservative leader Kemi Badenoch to  remove her  from the ministerial post.
In a letter accepting her resignation, Sir Keir said the  "door remains  open" for  her.
Sir Laurie Magnus, the independent adviser on ministerial standards, said he had  "identified no evidence of  impropriety" in relation to Siddiq.
In a letter to the  Prime Minister, Sir Laurie said:  "The lack of  data and  the passage of time  have meant that, unfortunately, I have not been able to obtain  full assurance on all matters relating to the UK  property." . United mentioned in the  media. "However, I have not identified  any evidence of  impropriety in relation to the actions taken by Ms Siddiq and/or her husband in relation to their ownership or occupation of the  properties in London  which have been the subject of press  attention.
"Likewise, I have  not found  any suggestion of any unusual financial arrangements  in connection with the ownership or occupation of the properties in question  by Ms Siddiq involving the Awami League (or its affiliated organisations) or the  State of  Bangladesh".
"Furthermore, I have found no evidence to suggest that  the financial assets of Ms  Siddiq and/or her  husband, to  my knowledge, have come from anything other than legitimate  means".
But it said it was  "unfortunate" that Siddiq "was not more  aware of the potential reputational risks" of her  family's close  connection to Bangladesh.

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