British Prime Minister Keir Starmer expressed his confidence in City Minister Tulip Siddiq on Monday, as she faces growing calls to step down amid a financial corruption investigation in

Bangladesh.

Following the Labour Party’s electoral victory in July, Starmer appointed Siddiq to oversee financial services policy and foster relations with the financial sector, commonly referred to as the "City."

Siddiq’s family ties have drawn attention in light of the ongoing investigation. Her aunt, Sheikh Hasina, the former Prime Minister of Bangladesh, is currently under scrutiny by anti-corruption authorities for alleged embezzlement, money laundering, and financial misconduct.

Allegations and response

Reports suggest that the investigation involves irregularities amounting to approximately $5 billion and implicates Hasina, her son Sajeeb Wazed, and Siddiq. Wazed has publicly dismissed the allegations as unfounded. When approached for comment by Reuters, Siddiq did not immediately respond.

Amid mounting media speculation over her links to properties in Britain associated with Hasina’s government, Starmer defended Siddiq during a press conference.

"Tulip Siddiq has acted entirely appropriately by voluntarily referring herself to the independent adviser," Starmer stated. "I have full confidence in her, and the proper process will now take place."

Ethics investigation

Starmer’s remarks referred to Laurie Magnus, the government’s ethics adviser, responsible for ensuring that ministers adhere to their code of conduct. Magnus holds the authority to investigate potential violations of the code and provide direct counsel to the Prime Minister.

The Labour government introduced a revised ministerial code in November, aimed at enhancing transparency following controversies over lawmakers accepting gifts, including luxury items and concert tickets. Photo by Prime Minister’s Office, Wikimedia commons.