Iceland's leader resigns, first casualty of Panama Papers




 
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Iceland's leader resigns, first casualty of Panama Papers
 
April 6th, 2016  
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Topic: Iceland's leader resigns, first casualty of Panama Papers


Iceland's leader resigns, first casualty of Panama Papers
By Kylie MacLellan and Ragnhildur Sigurdardottir LONDON/REYKJAVIK (Reuters) - Iceland's Prime Minister Sigmundur David Gunnlaugsson resigned on Tuesday, becoming the first casualty of leaked documents from a Panamanian law firm which have shone a spotlight on the offshore wealth of politicians and public figures worldwide. The Panama Papers showed the premier's wife owned an offshore company with big claims on Iceland's banks, a undeclared conflict of interest for Gunnlaugsson, infuriating many who hurled eggs and bananas in street protests calling for him to step down. The more than 11.5 million documents, leaked from the Panamanian law firm Mossack Fonseca, have caused public outrage over how the world's rich and powerful are able to stash their wealth and avoid taxes while many people suffer austerity and hardship.




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