PM Sigmundur Gunnlaugsson, Iceland Prime Minister has resigned following mass demonstration in front of parliament building on Monday. He is the first victim of the Panama Papers which have exposed the underbelly of the world’s high and mighty stockpiling funds away in offshore tax refuge.
Revelations from Mossack Fonseca, showed PM Gunnlaugsson owned an offshore company, Wintris, with his wife.
He was indicted of hiding millions of dollars worth of family assets.
There are speculations that the agriculture minister will be the new PM.
