LONDON — The leak of millions of records on offshore accounts claimed its first high-profile victim Tuesday as Iceland’s prime minister resigned amid outrage over revelations he had used such a shell company to shelter large sums while Iceland’s economy was in crisis.
The fall of Icelandic leader Sigmundur David Gunnlaugsson is the biggest fallout so far from the publication of the names of rich and powerful people linked to the leaks, dubbed the Panama Papers.
China and Russia, meanwhile, took the opposite approach, suppressing the news and rejecting any allegations of impropriety by government officials named in the leak of more …read more
Source: National Newswatch
