Iceland’s Prime Minister Resigns in Wake of Panama Papers

HeadlineApr 06, 2016

Iceland’s prime minister has resigned, becoming the first major casualty of the Panama Papers revelations. Leaked documents from the Panama-based law firm Mossack Fonseca revealed that Prime Minister Sigmundur David Gunnlaugsson owned an offshore company with his wife, which he failed to declare when he entered Parliament. He is accused of concealing millions of dollars’ worth of family assets. Gunnlaugsson’s resignation followed the largest public demonstrations in Iceland’s history. We’ll go to Reykjavík for more on Iceland later in the broadcast.

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