Panama leak: Iceland PM resigns
The leaks, from Panama law firm Mossack Fonseca, showed PM Sigmundur Gunnlaugsson owned an offshore company, Wintris, with his wife, BBC reported.
The Prime Minister has been accused of concealing millions of dollars worth of family assets.
President Olafur Ragnar Grimsson ha earlier refused Gunnlaugsson's request to dissolve parliament.
"I do not think it is normal that the prime minister alone... should be given the authority to dissolve the parliament without the majority of the parliament being satisfied with that decision," the President was quoted as saying to reporters by BBC.
In one of the worst scandals involving huge number of rich and famous across the globe, a massive leak of 11.5 million tax documents has exposed the secret offshore dealings of aides to Russian president Vladimir Putin, Chinese Premier Xi Jinping, Pakistan Prime Minister Nawaz Sharif and celebrities including Barcelona forward Lionel Messi and actor Jackie Chan, reports said.
Image: Wikimedia Commons
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
