Iceland PM resigns over Panama Papers allegations

Reykjavik, (IINA) - Iceland’s Prime Minister Sigmundur David Gunnlaugsson has resigned after being exposed in Panama Papers leaks for allegedly concealing millions of dollars in offshore accounts, Anadolu Agency reported citing Icelandic media.
Gunnlaugsson had come under intense public pressure to leave after the Panama Papers leaks revealed an offshore company registered in his wife's name – a potential conflict of interest.
The resignation on Tuesday makes him the first head of government to step down over the vast collection of documents, leaked from a law firm based in the Central American country.
The documents named thousands of wealthy and powerful people across the globe as holding secret offshore accounts.
Icelandic national broadcaster RUV reported that Gunnlaugsson would be replaced as prime minister by Sigurour Ingi Johannsson, the fisheries and agriculture minister.
The Panama Papers containing over 11 million leaked documents from law firm Mossack Fonseca were obtained by Germany’s Suddeutsche Zeitung newspaper, which shared them with other publications around the world through the Washington-based International Consortium of Investigative Journalists.
In statements made to several media outlets since the leaks were published, Mossack Fonseca has denied any wrongdoing.
AG/IINA

Let's block ads! (Why?)