Iceland Prime Minister Sigmundur David Gunnlaugsson arrives at the Iceland president’s residence in Reykjavik, Iceland, on Tuesday. (Reuters/Sigtryggur Johannsson)
(Associated Press) – 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.
The announcement that Gunnlaugsson was stepping down …read more
Source: BVI News