Comment on Iceland's leader is first victim of offshore holdings leak

Iceland's leader is first victim of offshore holdings leak

LONDON (AP) — The leak of millions of records on offshore accounts claimed its first high-profile victim Tuesday as Iceland's prime minister resigned amid outrage over revelations he had used such a shell company to shelter large sums while Iceland's economy was in crisis.The fall of Icelandic leader Sigmundur David Gunnlaugsson is the biggest fallout so far from the publication of the names of rich and powerful people linked to the leaks, dubbed the Panama Papers.China and Russia, meanwhile, took the opposite approach, suppressing the news and rejecting any allegations of impropriety by government officials named in the leak of more than 11 million financial documents from a Panamanian law firm.Officials in Ukraine, Argentina and other countries are also facing questions about possibly dubious offshore tax-avoidance schemes.The reports are from a global group of news organizations working with the Washington-based International Consortium of Investigative Journalists.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News