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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 exposed | Panama Papers - tax havens of the rich and powerful exposed |