City Minister Tulip Siddiq embroiled in £4bn anti-corruption probe - reports

Alleged £10bn nuclear plant deal

Linus Uhlig
clock • 1 min read

City Minister Tulip Siddiq has been named in an anti-corruption probe, claiming her family embezzled almost £4bn from Russian-backed infrastructure project in Bangladesh.

Siddiq, whose ministerial brief includes stamping out corruption in the UK's financial sector, is alleged to have brokered a deal with Russia in 2013 that inflated the price of a new nuclear power plant in Bangladesh at a time when Siddiq's aunt, Sheikh Hasina, was prime minister of the country, according to court document seen by the Daily Mail. The probe is part of a wider investigation into Siddiq's family by Bangladesh's Anti-Corruption Commission (ACC), after her aunt was ousted as prime minister and forced to flee the country in August this year.  Tulip Siddiq: FCA 'has gone too...

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Linus Uhlig
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Linus Uhlig

Linus Uhlig is a senior reporter at Investment Week

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