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News Swiftly

Minister Tulip Siddiq named in Bangladesh corruption probe

Minister named in Bangladesh corruption probe

A Labour minister has been named in an investigation into claims her family embezzled up to ?3.9bn (Tk 590 billion) from infrastructure projects in Bangladesh.

Tulip Siddiq, who as the Treasury's Economic Secretary is responsible for tackling corruption in UK financial markets, is alleged to have brokered a deal with Russia in 2013 for a new nuclear power plant in Bangladesh that saw ?1bn siphoned off into private hands.

The allegation is part of a wider investigation by Bangladesh's Anti-Corruption Commission (ACC) into Siddiq's aunt Sheikh Hasina, the recently deposed prime minister of the country who fled to India in August.

Siddiq has been approached for comment. The Labour Party has declined to comment.

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