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Panama Papers: Protesters call on Iceland PM to quit Panama Papers: Protesters call on Iceland PM to quit
(3 days later)
Crowds gathered outside Iceland's parliament demanding the prime minister step down over allegations he concealed investments in an offshore company.Crowds gathered outside Iceland's parliament demanding the prime minister step down over allegations he concealed investments in an offshore company.
Sigmundur Gunnlaugsson earlier refused to resign after details about Wintris, which he owned with his wife, were made public in a massive data leak.Sigmundur Gunnlaugsson earlier refused to resign after details about Wintris, which he owned with his wife, were made public in a massive data leak.
He did not declare an interest in Wintris when entering parliament in 2009.He did not declare an interest in Wintris when entering parliament in 2009.
Opposition parties say they plan to hold a confidence vote.Opposition parties say they plan to hold a confidence vote.
Mr Gunnlaugsson says no rules were broken and his wife did not benefit financially.Mr Gunnlaugsson says no rules were broken and his wife did not benefit financially.
He sold his 50% of Wintris to his wife, who already owned the other 50%, for $1 (70p) eight months after entering parliament.He sold his 50% of Wintris to his wife, who already owned the other 50%, for $1 (70p) eight months after entering parliament.
The offshore company was used to invest millions of dollars of inherited money, according to a document signed by Mr Gunnlaugsson's wife, Anna Sigurlaug Palsdottir, in 2015.The offshore company was used to invest millions of dollars of inherited money, according to a document signed by Mr Gunnlaugsson's wife, Anna Sigurlaug Palsdottir, in 2015.
Court records show that Wintris had stakes in bonds issued by three Icelandic banks that collapsed in 2008.Court records show that Wintris had stakes in bonds issued by three Icelandic banks that collapsed in 2008.
As prime minister, Mr Gunnlaugsson resisted pressure from foreign creditors to make the Icelandic banks repay deposits in full after their collapse.As prime minister, Mr Gunnlaugsson resisted pressure from foreign creditors to make the Icelandic banks repay deposits in full after their collapse.
Had foreign investors been repaid, it might have adversely affected both the Icelandic banks and the value of the bonds held by Wintris.Had foreign investors been repaid, it might have adversely affected both the Icelandic banks and the value of the bonds held by Wintris.
But Mr Gunnlaugsson kept his wife's interest in the outcome a secret.But Mr Gunnlaugsson kept his wife's interest in the outcome a secret.
In an interview with Channel 2 television, the prime minister insisted he had always put the public interest first.In an interview with Channel 2 television, the prime minister insisted he had always put the public interest first.
"I have not considered quitting because of this matter nor am I going to quit because of this matter," he said."I have not considered quitting because of this matter nor am I going to quit because of this matter," he said.
"The government has had good results. Progress has been strong and it is important that the government can finish their work.""The government has had good results. Progress has been strong and it is important that the government can finish their work."
The information was contained in a leak of 11m internal files from the Panama legal firm Mossack Fonseca.The information was contained in a leak of 11m internal files from the Panama legal firm Mossack Fonseca.
Panama Papers - tax havens of the rich and powerful exposedPanama Papers - tax havens of the rich and powerful exposed
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