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Iceland’s Prime Minister Resigns Following Protests Over Panama Papers

Iceland’s prime minister Sigmundur Davíð Gunnlaugsson has stepped down amid widespread anger over allegations that his family attempted to hide millions in offshore account. The leaked “Panama Papers” documents showed he and his wife used an offshore firm to allegedly hide million-dollar investments. Gunnlaugsson  asked Icelands President Olafur Ragnar Grimsson to dissolve parliament and call an early election. The BBC reports: The leaks, from Panama-based law firm Mossack Fonseca, showed Sigmundur Gunnlaugsson owned an offshore company with his wife but had not declared it when he entered parliament He is accused of concealing millions of dollars’ worth of family assets. Mr Gunnlaugsson says he sold his shares to his wife and denies any wrongdoing. He is one of dozens of high-profile global figures mentioned in the 11.5 million leaked financial and legal records, which were first published on Sunday. Pressure on Mr Gunnlaugsson to quit had been building since then, with thousands of people protesting outside the parliament building in the capital Reykjavik on Monday and opposition parties tabling a confidence motion. Earlier on Tuesday, the prime minister asked President Olafur Ragnar Grimsson to dissolve parliament and call an early election. But Mr Grimsson said he first wanted to consult [...]