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| Sigmundur David Gunnlaugsson has denied all wrongdoing Reuters |
Sigmundur David Gunnlaugsson is the first major casualty of the leaks
The Prime Minister of Iceland has resigned after the Panama Papers revealed that he has been using an offshore firm to allegedly hide investments worth millions of pounds.
Yesterday, thousands of locals surrounded the Icelandic parliament to demand Prime Minister Sigmundur David Gunnlaugsson’s resignation. Many claimed that the politician had lost the public’s trust after it was revealed that he and his wife owned a company linked to the Panama Papers scandal. Opposition parties had called for a vote of no confidence against the politician. He initially denied any wrong doing following the revelations but reportedly resigned this afternoon amid growing pressure.
The Panama Papers are a huge cache of leaked files which name individuals allegedly linked with a law firm which specialises in shell companies for the purposes of avoiding tax payments.
Mr Gunnlaugsson is one of dozens of leaders of former leaders around the world to be named in the documents. He is accused of setting up a company named Wintris with his wife in the British Virgin Islands. with the help of a Panamanian law firm
Continue Reading at ...http://www.independent.co.uk/news/world/europe/iceland-prime-minister-sigmundur-dav-o-gunnlaugsson-quits-over-panama-papers-tax-haven-scandal-a6969911.html
