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Iceland Prime Minister Resigns Over Panama Papers Scandal
After they found out Iceland Prime Minister Sigmundur David Gunnlaugsson was hiding assets through offshore companies thousands of Icelanders to take to the streets calling for his resignation.
After they found out Iceland Prime Minister Sigmundur David Gunnlaugsson was hiding assets through offshore companies thousands of Icelanders to take to the streets calling for his resignation.
It took 48 hours for the Panama Papers to bring down Iceland Prime Minister. 'His resignation has yet to be approved by his political partners, or by the President', says The Guardian.
Informations contained in the Panama Papers highlighted the company based in the British Virgin Islands and owned by the Iceland Prime Minister. However 'this company was not mentioned in his wealth declaration when he entered into Parliament, back in 2009', says daily Fusion. In less than 24 hours, more than 23 000 Icelanders signed a petition calling for the Prime Minister's resignation.
Estimates of the size of the crowd vary between 9,000 and 23,000. Whatever the number, this was certainly one of the biggest political demonstrations in Icelandic history.
In the wake of these revelations, a vote on the motion of censure was immediately prepared by the opposition.
