ICELAND – Prime Minister Sigmundur Davíð Gunnlaugsson has refused to resign after being accused of hiding millions of dollars in investments behind a secretive offshore company.
Leaked documents show that Sigmundur Gunnlaugsson and his wife bought offshore company Wintris in 2007.
He did not declare an interest in the company when entering parliament in 2009. He sold his 50% of Wintris to his wife for $1 (70p), eight months later. Opposition parties say they plan to hold a confidence vote in parliament.
Mr Gunnlaugsson says no rules were broken and his wife did not benefit financially. 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.