Sigmundur Davíð Gunnlaugsson steps aside amid widespread exasperate over allegations his family attempted to mask millions in offshore accountRevealed: the tycoons and world leaders who built secret UK property empiresHow to explain offshore banking (and when it is naughty) to a five-year-oldIceland’s embattled prime minister,Sigmundur Davíð Gunnlaugsson, has become the first major casualty of the Panama Papers, and 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 exasperate 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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Source: theguardian.com