Robert Mackey — Iceland’s Prime Minister Resigns, First Casualty of #PanamaPapers

Iceland’s prime minister, Sigmundur Davíð Gunnlaugsson, resigned on Tuesday, becoming the first leader to be forced from office over the secret financial dealings revealed by the Panama Papers leak.

The prime minister, who was elected as a reformer in 2009, promising transparency following the ruinous collapse of three Icelandic banks the year before, failed to disclose that his family secretly held bonds worth millions of dollars in the same banks, through a shell company in the British Virgin Islands.

The Intercept
Iceland’s Prime Minister Resigns, First Casualty of #PanamaPapers
Robert Mackey