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Iceland PM steps aside after protests over Panama Papers revelations
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Iceland PM steps aside after protests over Panama Papers revelations

by firstsource newsApril 5, 2016

Sigmundur Davíð Gunnlaugsson steps aside amid widespread anger over allegations his family attempted to hide millions in offshore account

’s embattled prime minister, Sigmundur Davíð Gunnlaugsson, has become the first major casualty of the Panama Papers, stepping aside from his office amid mounting public outrage that his family had sheltered money offshore.

What was planned as a mass protest in Reykjavik on Tuesday evening turned to muted satisfaction as demonstrators vented their anger following revelations that Gunnlaugsson once owned – and his wife still owns – an offshore investment company with multimillion-pound claims on Iceland’s failed banks.

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firstsource news
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