Reykjavik, April 6: Iceland's Prime Minister Sigmundur Gunnlaugsson became the first major casualty of the Panama Papers leak which has brought all focus on offshore finance, reported the media across the world.
BNO News said Gunnlaugsson did not resign but offered to step aside temporarily and his office informed the foreign media so. The Twitter, however, went on discussing the leader's resignation in length.
3 hours later, international media is still reporting as a fact that Iceland's PM resigned https://t.co/XlL43SGzHk— Michael van Poppel (@mpoppel) April 5, 2016
Iceland's prime minister has NOT resigned but offers to step aside temporarily, his office has told foreign media https://t.co/dmzjpjdFUy— BNO News (@BNONews) April 5, 2016
Statement saying Iceland's PM did not resign was sent to @BNONews and 11 other int'l outlets 3 hours ago, but apparently not to local media— Michael van Poppel (@mpoppel) April 5, 2016
Iceland's former PM is calling on the PM to resign, but Google erroneously translates it as he "will immediately resign" instead of "must"— Michael van Poppel (@mpoppel) April 3, 2016
Charges against Gunnlaugsson
The leaks from Mossack Fonseca, a Panama-based law firm, showed Gunnlaugsson owning an offshore firm with his wife but did not declare after entering Parliament.
The leader was accused of hiding family assets hiding millions of dollars. Gunnlaugsson, however, said he sold his shares to his wife and did not indulge in any wrongdoing.
The former Iceland premier is one among dozens of high-profile figures who featurd in the 11.5 million leaked records that came in the open on Sunday.
Pressure had been building on Gunnlaughsson with thousands protesting outside the parliament building here on Monday. The Opposition also stabled a confidence motion on the issue.
On Tuesday, Gunnlaughsson asked President Plafur Ragnar Grimsson to dissolve the parliament and call early election.
The latte, however, said he first sought to consult the Independence Party, which is a ally in the ruling coaltion with Gunnlaugsson's Progressive Party since 2013.