Iceland’s PM resigns over Panama Papers scandal

The prime minister of Iceland has resigned – the first major casualty of the Panama Papers leaks which have shed an embarrassing spotlight on the world of offshore finance. The leaks, from Panama law firm Mossack Fonseca, showed PM Sigmundur Gunnlaugsson owned an offshore company, Wintris, with his wife. He was accused of concealing millions […]

The prime minister of Iceland has resigned – the first major casualty of the Panama Papers leaks which have shed an embarrassing spotlight on the world of offshore finance.
The leaks, from Panama law firm Mossack Fonseca, showed PM Sigmundur Gunnlaugsson owned an offshore company, Wintris, with his wife.
He was accused of concealing millions of dollars worth of family assets. A big protest was held in front of parliament in Iceland on Monday. Reports suggest the agriculture minister will be the new PM.
Dozens of high-profile global figures are named in the huge Mossack Fonseca leak.
Mr Gunnlaugsson had earlier called on the President Olafur Ragnar Grimsson to dissolve parliament, but that was refused. Mr Grimsson said he wanted to speak to political parties first.