Iceland’s Prime Minister Sigmundur D. Gunnlaugsson shocked the world on Tuesday when he resigned following leaked allegations that he hid millions of his money in an offshore investment.
According to The Political Insider, the leaks came from Panama law firm Mossack Fonseca, and it showed that Gunnlaugsson owned offshore company Wintris with his wife. He has since been accused of hiding millions of dollars in family assets.
A massive protest was held outside of parliament in Iceland on Monday. Gunnlaugsson called on President Olafur Ragnar Grimsson to dissolve parliament, but he refused.
“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 told reporters.
Gunnlaugsson is one of dozens of world leaders implicated in the Mossack Fonseca leak.
Icelandic prime minister resigns after revelations in Panama papers of his offshore investments – Icelandic media https://t.co/DHPjmbpOzj
— BBC Breaking News (@BBCBreaking) April 5, 2016
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