#PanamaPapers: Iceland Prime Minister resigns

As the heat of the Panama paper leak continues to sweep across the globe opening a big can of messy worms, the Prime Minister of Iceland, Sigmundur Davíð Gunnlaugsson, has reacted by resigning from his position on Tuesday, April 5.

His resignation was announced by the deputy chairman of Iceland’s Progressive Party, which the Prime Minister also belonged to.

Gunnlaugsson, who came to power in 2013, and his cabinet had come under strong political pressure following the revelation that he is linked to controversial Panamanian law firm, Mossack Fonseca.

Mossack Fonseca is said to have established offshore companies for him. This discovery triggered massive protest in the capital of Iceland, as it appeared to have destroyed public trust in the government.

So far, expose from the Panama Papers scandal has indicted more than 128 politicians and public office holders around the world -including the former Delta state governor, James Ibori, former Senate President, David Mark, and his successor, Senate President, Bukola Saraki’s wife.

Investigations into the dealings of Mossack Fonseca, a law firm that sets up annoymous offshore companies for individuals around the world, was carried out by the International Consortium of Investigative Journalists, German newspaper Süddeutsche Zeitung and more than 100 other news organizations around the world.

Leave a reply

Your email address will not be published.

cool good eh love2 cute confused notgood numb disgusting fail