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chulip sadik has resigned as City
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Minister amid allegations over her links
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to the former government in Bangladesh
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the labor MP for Hamstead and Highgate
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wrote to the Prime Minister Cirus Dharma
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on Tuesday to say that while she had not
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breached the ministerial code continuing
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in her role as a treasury Minister would
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be a distraction so what's been
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happening sadik came under pressure in
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recent weeks after allegations emerged
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About Properties linked to her aunt
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Shake Hina the deposed former prime
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minister of Bangladesh she had
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previously said she had done nothing
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wrong and referred herself to Sir Lori
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Magnus the independent adviser on
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ministerial interests last week but her
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decision to step down came just hours
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after it emerged Bangladeshi authorities
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had filed a criminal case against sadik
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accusing her of allegedly misusing her
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position as an MP and she lost the
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support of the UK anti-corruption
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Coalition a group of leading
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transparency campaigners who warned she
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had a serious conflict of interest over
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her links to the controversial aami
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League party and called for her to
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relinquish her anti-corruption brief why
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did sadik end up resigning the
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independent adviser wrote to starma
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after looking into sadik's financial
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affairs and her presence in 2013 at the
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signing of a nuclear deal between her
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aunt and Vladimir Putin he did not find
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she broke any rules or derived assets
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from illegitimate means and he accepted
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her explanation that she was at the
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event for family and tourist reasons but
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in what appeared to tip the balance sir
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Lori said it was regrettable that sadik
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was not more alert to the potential
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reputational risks both to her and the
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he said he did not believe the
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ministerial code had been breached but
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added that sir will want to consider her
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ongoing responsibilities what did sadik
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and number 10 say in her resignation
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letter the ex-minister said it is clear
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that continuing in my role as economic
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secretary to the treasury is likely to
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be a distraction from the work of the
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government and she said she would
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continue to support cia's government in
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any way I can from the backbenches
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starma whose seat borders sadik's in
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North London said he accepted her
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resignation with s Ness and that the
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door remains open for you going forward
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who will now take over as City Minister
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sadik has been replaced as economic
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secretary to the treasury by Emma
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Reynolds who served as managing director
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of the city UK the financial services
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Lobby group prior to last Summer's
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election while toron Bal former chief
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executive of economic Think Tank the
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resolution foundation and now a labor MP
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has also been appointed as pensions
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Minister what do you make of the new
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city Minister let us know your thoughts
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in the comments and follow City am for
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more on this story and others
